Ethereum getting SEC approval for a spot ether ETF has given the asset itself a bit of relief.

Attention on ether faded after hope for an ETF initially dwindled earlier in the year and after the Dencun upgrade went live. The asset was lagging behind both bitcoin, flourishing after its spot ETF launch, and many other crypto assets with strong rallies in the first few months of the year.

For instance, BTC/ETH, a chart widely looked at to measure the performance between the two assets, that prices bitcoin in terms of ether, climbed from 16.6 ETH in mid-January to 22.2 ETH on May 17, indicating that one bitcoin was worth 5 more ether a few weeks ago compared to at the start of the year. However, the ratio dropped back below 18 ether shortly after the value of ether spiked in the …