SEC Approves Ether ETFs, Sparking Major Investments
TL;DR Summary
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.
- Ether ETF Listing Approval Sees Billions Poured Into Restaking Protocol Ether.Fi CoinDesk
- SEC approves ether ETF, but what is ethereum? YF Explains Yahoo Finance
- US SEC approves exchange applications to list spot ether ETFs Reuters
- Ether Cryptocurrency ETFs Are Approved by the SEC The New York Times
- JPMorgan expects spot Ethereum ETFs to begin trading 'well-ahead of November' The Block
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