ETH - Ethereum Classic Often Considered A Cheaper Play Outshines ETH On Spot ETF Approval Day: What's Going On? | Benzinga
On a day when the first-ever Ethereum (CRYPTO: ETH) spot ETFs have been approved in the U.S., Ethereum Classic (CRYPTO: ETC) seems to be stealing the spotlight from its sister chain.
What Happened: Ethereum Classic racked up gains of nearly 9% in the last 24 hours, according to data from Benzinga Pro, positioning itself as the marker's second-best performer.
Counterintuitively, Ethereum was trading at just a 1.56% premium, despite a major bullish trigger in the form of its spot ETFs approval by the SEC earlier today.
ETC's trading volume also swelled, more than tripling in the last 24 hours to over $1.5 billion. Ethereum’s volume increased by only 85% in contrast, although overall volumes remained much larger because of the higher market cap.
ETC's current performance was reminiscent of its moves following ...