Ether Surges Above $26K Following Spot Bitcoin ETF Approval

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. Happy the day after the spot Bitcoin ETF Approval Day. Everyone. While many in the industry expected Bitcoin to rally on the news, Ether is actually outshining the largest Cryptocurrency by market cap. Ether is up over 10% reaching 18 month highs today. And as of 9:30 a.m. Eastern time, the price is at around $2630. Now that a spot Bitcoin ETF has been approved in the United States attention has turned to Ether with investors making bets that a spot E ETF could be next. Ether is not the only token that's flying this morning tokens of layer two networks which are built on top of Ethereum searched as well with Arbor Trump's ARB and Mantel's MNT both gaining more than 20%. And according to coin Gecko, other Ethereum ecosystem tokens rose 14% on average arc 21 shares. Black Rock Van Eck, they all have their spot Bitcoin ETF. Now they filed applications for a spot Ether. ETF So let's see what happens there. Some traders told Coindesk that an ether ETF could bolster the growth of Ethereum based financial applications whose use cases range from on chain trading and lending to the issuance of real world assets and tokenization on the Blockchain. That's a wrap for chart of the day. I'm Jen Sani. We'll see you next time to unpack more of the data behind top news stories.