Ethereum Spot ETF's Approval Highlights Its 'World Of Warcraft' Origins: Created Because A Character Had Its 'Warlock Powers Nerfed'
Portfolio Pulse from Aniket Verma
The SEC has approved the first-ever spot Ethereum (ETH) ETFs in the U.S., marking a significant milestone for the cryptocurrency industry. Ethereum's creator, Vitalik Buterin, was inspired to develop decentralized systems after a negative experience with the centralized control in the game World of Warcraft. Ethereum is now one of the most invested projects globally, with a total locked value of over $65 billion and a market cap surpassing major companies like Mastercard and Oracle. ETH is currently trading at $3,800.76, up 1% in the last 24 hours.
May 24, 2024 | 3:54 am
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The SEC's approval of the first-ever spot Ethereum ETFs in the U.S. is a significant regulatory milestone that could boost investor confidence and drive up the price of ETH in the short term.
The approval of spot ETFs for Ethereum in the U.S. is a major regulatory development that is likely to attract more institutional and retail investors. This increased demand could drive up the price of ETH in the short term.
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