Crypto lifted by ether’s biggest jump since 2022 on ETF hope
David Pan, Olga Kharif and Isabelle Lee
Crypto prices have surged on signs of momentum toward US approval of exchange-traded funds investing directly in second-largest token ether, a shift from a more downbeat outlook as recently as last week.
The market-moving speculation about spot-ether ETFs is something of a redux of the investor enthusiasm that greeted comparable US bitcoin funds, whose January listing spurred a rally in the biggest digital asset to a record high.
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Bloomberg
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