Summary
Several major investment firms have submitted applications for an ether ETF, following the success of their spot bitcoin ETFs which have accumulated $11 billion worth of BTC and boosted its price to over $52,000.
Key Points
1. Several major financial institutions, including Franklin Templeton, BlackRock, Fidelity, and others, have submitted applications for an ether ETF, following the success of their spot bitcoin ETFs introduced in mid-January.
2. The spot bitcoin ETFs introduced by these institutions have already accumulated $11 billion worth of BTC and have helped drive the price of bitcoin to over $52,000.
3. The growing interest in ether ETFs from these financial giants suggests a potential shift towards mainstream adoption of cryptocurrencies beyond just bitcoin.