Ethereum Surges Past $2,000 as BlackRock Plans ETF Launch, Institutional Adoption Accelerates
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BlackRock plans to launch an Ethereum ETF, pending regulatory approval, causing ETH price to surge past $2,000.
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Ether outperformed Bitcoin, with ETH nearing $2,100 while BTC traded around $36,500. Some predict ETH could reach $2,500.
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UBS now offers its wealthy Hong Kong clients exposure to 3 crypto ETFs through its platform. The ETFs have $72M assets.
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HSBC, a major global bank, plans to launch digital asset custody services for institutions.
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The basis for ETH futures hit 9.2%, the highest since early 2022, indicating renewed bullish sentiment.