ETH Price Skyrockets as Ethereum ETF Aims for Monday Launch by U.Today
In a significant development, the price of Ethereum has experienced a notable increase today, marking a key moment in its recent uptrend. The price chart displayed a striking green daily candle, reflecting a rise of over 2.3%. Currently, Ethereum is trading at $1,635.80 per token, reaching its highest value in the past eight days.
Throughout this week, Ethereum has seen impressive gains, with its price climbing by 4.6% since the week’s start. This upward trend has made this week the most profitable for the cryptocurrency since July.
The excitement surrounding Ethereum goes beyond its price movement. There is growing anticipation within the crypto community regarding the possible launch of Ethereum Futures ETFs as soon as next week. A senior ETF analyst has indicated that there may be developments on this front.
According to the analyst, there is a push to accelerate the launch of Ethereum Futures ETFs. It has been suggested that the regulatory body has requested ETF filers to update their documentation by Friday evening so that they can be effective on Monday and begin trading on Tuesday.
While the community eagerly awaits the launch of futures ETFs, the situation regarding spot instruments is more complicated. Recently, the regulatory body postponed its decision on Ethereum Spot ETFs from major firms, setting new deadlines for both companies—December 26 for one and December 25 for the other.