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Ethereum broke above $2,100 on Thursday after BlackRock, America’s largest asset manager, filed for a spot ETH ETF. Approval of spot ETFs for crypto's top two assets is imminent! Still, bull market gains are not being evenly distributed.
BREAKING: @BlackRock is preparing to register a spot Ethereum ETF
Send $ETH 📈 pic.twitter.com/EIRgnqZ0jB
Ethereum already received regulatory clarity as a non-security in early October after the approval of ETH futures ETFs, unlocking a clear path toward approval for a spot ETF. Still, approval hype had until now been focused squarely on Bitcoin.
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