A DarkWeb News Why is Ether (ETH) price up today?
Ether $3,438 opened the second half of the year on a positive note, rising approximately 2.5 percent to $3,469 in trading. The net capitalization of the altcoin increased by approximately 2.3% to settle at $2.32 trillion, reflecting similar upside movements elsewhere in the cryptocurrency market.
The anticipated launch of spot Ethereum exchange-traded funds (ETFs) in the United States and bullish onchain metrics are the primary contributors to the rise in Ether's price.
We should investigate these impacts exhaustively.
Spot Ethereum ETFs expected to help Ether cost
The ascent in the cost of ETH gives off an impression of being a development in force in the approach the send off of spot Ethereum ETFs in the US. The U.S. Securities and Exchange Commission (SEC) has delayed the launch, which was originally scheduled for July 2.
The SEC remarked on the S-1 structures toward the finish of last week and mentioned resubmissions by July 8. As indicated by Bloomberg Senior ETF investigator Eric Balchunas, this new timetable method the send off of the spot Ethereum ETFs could be delayed until mid-to-late July.
Ether $3,438 opened the second half of the year on a positive note, rising approximately 2.5 percent to $3,469 in trading. The net capitalization of the altcoin increased by approximately 2.3% to settle at $2.32 trillion, reflecting similar upside movements elsewhere in the cryptocurrency market.
The anticipated launch of spot Ethereum exchange-traded funds (ETFs) in the United States and bullish onchain metrics are the primary contributors to the rise in Ether's price.
We should investigate these impacts exhaustively.
Spot Ethereum ETFs expected to help Ether cost
The ascent in the cost of ETH gives off an impression of being a development in force in the approach the send off of spot Ethereum ETFs in the US. The U.S. Securities and Exchange Commission (SEC) has delayed the launch, which was originally scheduled for July 2.
The SEC remarked on the S-1 structures toward the finish of last week and mentioned resubmissions by July 8. As indicated by Bloomberg Senior ETF investigator Eric Balchunas, this new timetable method the send off of the spot Ethereum ETFs could be delayed until mid-to-late July.