Bitcoin, Ethereum & Cryptos Surge in Asian Market on January 11

Ethereum price gains momentum as anticipation builds for ETH spot ETF

The price of Ethereum (ETH) is currently trading with a bullish bias, as investors look forward to the launch of an ETH spot exchange-traded fund (ETF). This anticipation comes on the heels of the recent approval of a Bitcoin (BTC) spot ETF by the US Securities and Exchange Commission (SEC) on January 10. The approval of the BTC ETF was seen as a historic moment for BTC holders and has generated excitement in the market. As a result, investors are now eagerly awaiting the launch of an ETH ETF, which is expected to boost the price of Ethereum.