Ether, the world’s second-largest cryptocurrency, rose above the US$2,000 mark on Thursday for the first time since April 2023. Meanwhile, Bitcoin surpassed US$37,000.

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Fast Facts

  • Ether rose 8.46% in the 24 hours leading up to 11:20 p.m. in Hong Kong, to trade at US$2,045.
  • On Thursday, BlackRock, the world’s largest asset manager, registered the iShares Ethereum Trust as an entity in Delaware, hinting it may be filing for a spot Ether ETF.
  • Bitcoin rose 6.75% in the same timeframe, to US$37,630, according to CoinMarketCap.
  • Thursday also marked the start of an eight-day period for the SEC to “theoretically approve” pending spot Bitcoin ETF applications.
  • The global crypto market cap increased 5.95% during the past 24 hours to US$1.41 trillion.

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