Can Ether Hit $3.5K on ETF Expectations? Cathie Wood's ARK Invest Sells Coinbase Shares

Traders bet on E and A big telecom takes on web three sim swaps. You're watching coin desk daily. I'm your host, Jen Sani Bitcoin is up over 15% on the week sitting at more than $52,100 as of nine am Eastern Time and Ether is up over 14% on the week sitting at almost $2800. Also as of nine am Eastern Time, Ether hasn't been above $2700 since May 2022. As traders bet on the possibility for a spot E ETF approval in the United States. A move that could boost institutional adoption just like it did for Bitcoin. As of Thursday, eight applications including those from Blackrock and Fidelity had all been submitted for an E ETF the approval of the spot. Bitcoin ETF helped to drive the price of the largest Cryptocurrency by market cap through $52,000. And observers say a similar dynamic could drive demand for e one of the world's largest telecommunications service providers. Telefonica is partnering with chain link to help protect against hacks and exploits including SIM swap attacks. The statement said, quote, this collaboration marks a significant step in integrating telco capabilities into the Blockchain industry and demons the need for secure oracle networks to deliver real world data on chain and quote sim swap schemes have been used increasingly in web. Three recently, it was revealed that the $400 million stolen from Sam Bakeman, Freed's FTX as the exchange was collapsing was due to a SIM swap attack. And Kathy Woods Ark invest sold Coinbase shares for the first time in a month on Wednesday a day before the exchange was due to report fourth quarter earnings. The firm sold $34.3 million worth of shares from three different funds. According to an emailed daily trading report. Coinbase is the only us listed crypto exchange. That's it for coin desk daily, get more updates on coindesk.com and we'll see you next time.