ETH - Why Ethereum Shiba Inu and Bitcoin Cash Are Rising Today
2023-06-30 11:04:34 ET
Most cryptocurrencies moved higher today, as more mainstream financial institutions filed to launch spot Bitcoin exchange-traded funds (ETFs) and as altcoins gained steam.
Since late afternoon yesterday, the price of the world's second-largest cryptocurrency, Ethereum (CRYPTO: ETH) , traded 3.4% higher as of 10:35 a.m. ET today. Meanwhile, the price of the meme token Shiba Inu (CRYPTO: SHIB) traded 4.5% higher, while the price of Bitcoin Cash (CRYPTO: BCH) had jumped nearly 26%.
Ever since the world's largest asset manager, BlackRock , filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot Bitcoin ETF, cryptocurrencies have been rallying on the belief that more interest in the sector from mainstream financial giants will ultimately increase exposure.
For further details see:
Why Ethereum, Shiba Inu, and Bitcoin Cash Are Rising Today