tldrdailynews.com logo

SEC Approves Ether ETFs, Sparking Major Investments

1 min read
Source: CoinDesk
SEC Approves Ether ETFs, Sparking Major Investments
Photo: CoinDesk
TL;DR

Ether.fi has seen nearly $1 billion in ether deposits over the past ten days, driven by anticipation of a spot ether ETF approval in the U.S. This has boosted the protocol's total value locked to an all-time high of $5.4 billion. Ether.fi's CEO believes that ETF approval will increase awareness of Ethereum and smart contracts, and that staking could eventually be incorporated into ETF products. The protocol's native token, ETHFI, has surged 41% in the past week.

Topics:businesscryptocurrency#cryptocurrency#etf#ethereum#etherfi#sec#staking
Share this article
  1. Ether ETF Listing Approval Sees Billions Poured Into Restaking Protocol Ether.Fi  CoinDesk
  2. SEC approves ether ETF, but what is ethereum? YF Explains  Yahoo Finance
  3. US SEC approves exchange applications to list spot ether ETFs  Reuters
  4. Ether Cryptocurrency ETFs Are Approved by the SEC  The New York Times
  5. JPMorgan expects spot Ethereum ETFs to begin trading 'well-ahead of November'  The Block

Want the full story? Read the original reporting

Read on CoinDesk