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ETH, some memcoins rally on expectations of spot ETF approval, 90% of holders in profit

The anticipation of an Ethereum (ETH) spot ETF approval has led to a rally in some ETH-based memecoins, according to The Block. Based on TheBlock's own data, PEPE is up up to 16%, LADYS is up 28%, and Dogecoin (DOGE) is up 6% in the past 24 hours. ETH is also up 4.6% in the same period, up to $3,746.93. “It remains unclear whether the U.S. Securities and Exchange Commission (SEC) will approve an ETH spot ETF, but several asset managers are submitting revised filings,” the outlet added.

Meanwhile, Into the Block reported that “90% of ETH holders have moved into appreciation as ETH has risen above $3,600.

ETH spot ETF hits $9.37 billion in trading volume on second day of trading, off to a strong start, but falls short of BTC

Ethereum spot ETFs have recorded $9.37 billion in trading volume on their second day of trading. Of these, Grayscale's ETHE topped the list with $4.86 billion, accounting for about 52% of the total volume. BlackRock's ETHA followed with $255 million and Fidelity's

blockchain crypto cryptocurrency Ethereum ETF launches favorable price Shelly Young (SpotedCrypto)

Ethereum ETF launches favorable price Shelly Young comments and Grayscale's Ethereum liquidity outflow

Hany Rashwan, CEO of crypto ETP issuer 21Shares, told Bloomberg that the launch of an Ethereum spot ETF has already been partially priced in. "Global macroeconomic and summer seasonal features have also impacted the price of ETH," he said. "While Bitcoin is a digital gold hedge, Ethereum

blockchain crypto cryptocurrency ethereum Spot ETF Debuts Successfully (Spoted Crypto)

ETH Spot ETF Debuts Successfully...Sustained Success Unclear

Bloomberg reported on April 24 that "Nine U.S. ETH spot ETFs surpassed $1 billion in trading volume on their first day of trading in what could be considered a blockbuster debut. However, it's unclear if the box office record can be sustained." "The rationale

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