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Bitcoin rival Ether jumps on bets token is next for ETF approval

Bloomberg
Bloomberg • 2 min read
Bitcoin rival Ether jumps on bets token is next for ETF approval
Ether, the second-largest cryptocurrency, emerges as one of the biggest beneficiaries of the decision by US regulators to approve the country’s first spot-Bitcoin exchange-traded funds. Photo: Unsplash
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Ether, the second-largest cryptocurrency, emerged as one of the biggest beneficiaries of the decision by US regulators to approve the country’s first spot-Bitcoin exchange-traded funds.

Ether rose 9% in the past 24 hours to $2,585 as of 7:11 a.m. Thursday in London — a 20-month high — whereas Bitcoin was little changed at $46,070 after a more than 160% jump in the past year.

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