From Investing.com: 2024-05-21 05:50:37

Ether and bitcoin have seen strong gains, with Ether up 4.4% at $3,650 and bitcoin up 2% at $70,850, approaching its March peak. Speculation about U.S. ETF approvals has fueled the surge, as analysts expect approval or guidance in the coming days. Ether’s market rally has raised hopes for potential acceptance. VanEck and ARK have filed for spot ether ETFs with the SEC, awaiting decisions by May 23 and May 24 respectively. Analysts have increased probabilities of approval, signaling a positive trend for the cryptocurrency market.

Read more at Investing.com: Cryptocurrencies gain as investors turn optimistic on ether ETFs By Reuters