Ether Jumps Over 5% on Hopes of Ethereum ETF Approval After Bitcoin's Volatile Week
• Ether (ETH) surged over 5% in 24 hours to over $2,400 as traders bet on a potential ether ETF following expected bitcoin ETF approval • Bitcoin dropped 2.2% due to fake tweets from a hacked SEC account creating volatility
• BlackRock previously filed for an Ethereum Trust ETF; traders positioning for eventual ether-focused product
• Lido’s LDO and RocketPool’s RPL gained up to 17% as protocols allowing users to stake ETH and earn yields
• While market observers say an ether ETF remains a probability not a possibility, ETH seen as next most likely for an ETF after bitcoin