Ethereum (ETH) price has surpassed the mark of $2,100 for the first time since April. ETH is up more than 11% in the past 24 hours, with it currently trading at nearly $2,130.
The sudden surge has followed optimistic news on BlackRock’s Ether ETF filing registered in the state of Delaware. Hours after this filing, an official filing from Nasdaq confirmed BlackRock’s spot Ether ETF plan.
The filing also confirmed that BlackRock will list its iShares Ethereum Trust on Nasdaq after regulatory approval. While the company has already boosted the crypto market with its spot Bitcoin ETF, the filing for spot Ether ETF could also be accountable for a significant inflow from the traditional finance market.
The surge has also impacted significantly by overall crypto market, as Ethereum’s price has outstretched the usual correlation with the Bitcoin price. In the past 24 hours, Bitcoin reached above $37,800 and later fell to nearly $36,900, whereas Ether has sustained its gain above $2,100.
Also Read: Bitcoin Breaks 37K as ETF Hope Fuels Market Surge
