Lots of chatter about Ethereum ETFs getting approval from regulators. As always prices rise on the rumours. Here's the chart:
The most interesting thing about this chart is that while Bitcoin has surpassed it's 2021 price highs, Ethereum has not.
I wonder if it's because staking got disabled for Americans after the SEC ruled that staking turned a coin into a security, leading many Americans to sell their Ethereum holdings.
A warning: when Bitcoin ETFs finally got approved by regulators, the price dropped as traders closed their longs. The same is likely to happen if an Ethereum ETF gets approved.