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Ethereum hits highest price in over a month as BlackRock joins the fray of ethereum staking ETFs
Ethereum climbed to its highest level in over a month, briefly touching $2,200 on Friday. The price swing comes amidst a new change among ETFs focused on the second-largest cryptocurrency by market capitalization. Yesterday, ETHB — BlackRock’s iShares Staked Ethereum Trust ETF Shares — started trading on Nasdaq, making the investment vehicle the first from the financial titan to include staking, the process of locking up tokens to help secure the network’s consensus mechanism in exchange for rewards. The nascent staking ETF has nearly $150 million in net assets, drawing in $43.5 million in inflows on its ... (full story)
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