Crypto prices have surged on signs of momentum toward US approval of exchange-traded funds investing directly in the second-largest token Ether, a shift from a more downbeat outlook as recently as last week.
The market-moving ETF speculation 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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David Pan
https://www.bloomberg.com/news/articles/2024-05-20/ether-jumps-to-lead-crypto-rally-on-etf-approval-speculation
2024-05-20 07:00:00
