Ethereum surges 11% after report SEC is about to approve Futures ETF

The worth of Ether (ETH) surged round 11% to $1,700 following information that the US Securities and Alternate Fee is about to permit the primary exchange-traded funds (ETFs) based mostly on Ether Futures.

In response to an Aug. 17 report from Bloomberg — which cited nameless sources conversant in the matter — the regulator doesn’t look as if it would block the functions of practically twelve firms, together with ProShares, Volatility Shares, Bitwise and Roundhill, which have filed to launch Ether (ETH) futures ETFs in current weeks.

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