A Major Step Closer to an Ethereum Spot ETF
Bitcoin and Ethereum spot ETFs, coupled with the 2024 Bitcoin Halving, will make 2021’s bull run look like child’s play.
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The excitement surrounding the imminent approval of a Bitcoin spot ETF (or multiple ones) has led to BTC hitting and holding $30K in recent weeks.
Now, we have even more rocket fuel to propel BTC, ETH, and most altcoins/tokens.
BlackRock has filed for an Ethereum spot ETF with the NASDAQ.
It registered its iShares Ethereum Trust as a corporate entity in Delaware, as reported by CoinDesk.
Shortly after this announcement, ETH’s price surged past $2,000 per coin, gaining over 10% in less than 24 hours.
Bitcoin also benefited from this announcement, as did several altcoins and tokens, notably liquid staking derivatives (LSDs) such as Lido DAO and Rocket Pool.
