Ethereum Classic (ETC) Surges 37% Amidst ETF Anticipation
Ethereum Classic (ETC) has experienced a dramatic surge of 37% over the past seven days, reaching $26.65 and boasting a market cap of $3.8 billion. This surge is largely credited to investors anticipating that the U.S. Securities and Exchange Commission (SEC) will consider applications for an Ethereum (ETH) exchange-traded fund (ETF). While the agency recently approved spot Bitcoin ETFs, SEC Chair Gary Gensler has cautioned against assuming that this approval signals a willingness to give ETH the same treatment. Nevertheless, the hype surrounding Ethereum ETF approval has fueled increased trading volumes and driven up the price of Ethereum Classic.
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