Ethereum Surges as ETF Hype Builds: What’s Next for Crypto Markets?
The crypto market is buzzing as Ethereum ($ETH ) leads a strong rally, surging over 20% in the past week. The momentum follows renewed optimism around a potential approval of a spot Ethereum ETF in the U.S., echoing the positive market reaction seen with Bitcoin ETF approvals earlier this year.
Major asset managers like BlackRock and Fidelity are reportedly in advanced talks with the SEC, signaling institutional confidence in Ethereum's long-term value. Analysts predict that an ETH ETF could drive billions in new capital inflow, pushing prices even higher.
Meanwhile, Bitcoin remains steady above $65,000, while altcoins like Solana ($SOL ) and Chainlink ($LINK ) are seeing double-digit gains, buoyed by broader market sentiment