Ether prices have climbed above $80 per token for the first time, setting a new all-time high.
Prices are currently averaging about $81, according to available data.
Thus far, markets are continuing a trend seen in late March, with bullish sentiment appearing to establish a floor beneath the digital currency’s price. That sentiment seemed to have been buoyed last week amid news that the US Securities and Exchange Commission (SEC) is weighing up whether to approve an exchange-traded fund linked to ether.
As CoinDesk reported last week, the SEC has officially begun assessing a proposal initially put forward last July to create an ‘EtherIndex Ether Trust’. The scheme's backers are seeking to have the ETF listed on the NYSE Arca exchange.
Hot air balloon image via Shutterstock. Price chart via CoinMarketCap.com
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish, a cryptocurrency exchange, which in turn is owned by Block.one, a firm with interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets including bitcoin and EOS. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.