Recent regulatory developments have significantly increased the price of Ethereum, which has surged by over 25% this week, reaching a peak of $3,840.00.
Major financial firms like Franklin Templeton, Fidelity, and VanEck have updated their ETF applications following feedback from the SEC, a significant step toward approval.
The potential approval of an Ethereum ETF is expected to have a notable influence on Ethereum's price, though experts note differences from Bitcoin's market response.
Renowned firms like BlackRock and Fidelity are actively involved in amending their Ethereum ETF applications, signaling a growing interest in the U.S. market.
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