Solana, ETH and XRP soar as spot bitcoin ETFs lift entire crypto market | Headlines | News | CoinMarketCap
01/11/2024 22:36
With the highly-anticipated spot bitcoin ETFs finally trading, just about the entire crypto market is surging with many top tokens rising by more …
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Published on January 11, 2024 15:19 GMT+00:00edited on January 11, 2024 15:24 GMT+00:00
With the highly-anticipated spot bitcoin ETFs finally trading, just about the entire crypto market is surging with many top tokens rising by more than 10%.
Some of the biggest digital tokens by market capitalization are soaring by double digits over the past 24 hours as crypto enthusiasts around the world cheer the Securities and Exchange Commission's decision to approve spot bitcoin ETFs yesterday. The agency approved a total of 11 that are trading on the NYSE, Nasdaq and Cboe exchanges.
Parallel to that, popular tokens are rising precipitously. Ether, the second largest digital currency by market capitalization, had risen by nearly 12% as of 10:05 a.m. ET. That comes amid Bloomberg Intelligence analyst Eric Balchunas saying that there is a 70% likelihood a spot Ethereum ETF …