Bitcoin price today: rebounds to $70k on spot Ether ETF speculation

Investing.com-- Bitcoin price rose sharply on Tuesday, tracking a rally in Ether after a media report flagged some progress towards the approval of spot-Ether exchange-traded funds for U.S. markets.Ether surges as report says SEC asks ETF applicants to update key filings

While the report said that there was still no guarantee that the regulator will approve the ETFs, it did mark some progress towards an eventual approval. The SEC was seen largely averse towards a spot Ether ETF, especially as recent reports said the regulator was also pursuing action against theBut a spot ETF approval could trigger a similar rally in Ether as it did for Bitcoin earlier in 2024, where the token surged to a record high on increased capital inflows as institutional investors piled into the ETFs.

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