Ethereum Price Rallies on Growing Optimism for SEC Approval of Spot ETF
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Grayscale's Ethereum Trust (ETHE) discount has narrowed to 13.94% amid rising interest and trading volume.
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The narrowing discount signals market anticipation of SEC approval for a spot Ethereum ETF.
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The SEC has received Ethereum ETF applications from BlackRock, Grayscale, and others.
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Ethereum spot trading volume has surpassed $6 billion, a level not seen since the FTX collapse.
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The ETF-driven rally has pushed Ethereum to new highs, with ETH trading around $2,052 currently.