The ETH price has jumped 10% in 24 hours, while bitcoin added 1.3%. Tokens of layer 2 networks, which operate as individual blockchains but are ultimately built atop Ethereum, surged as well.
Some traders told CoinDesk that an ether ETF could bolster the growth of Ethereum-based financial applications, whose use cases range from on-chain trading and lending to issuance of real-world assets, or tokenization, on the blockchain.
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