Interest in ether bets rose significantly after the approval of spot bitcoin ETFs in January sparked optimism among ETH traders.

Reddit has submitted a filing with the Securities and Exchange Commission (SEC) to go public on the New York Stock Exchange under the ticker symbol

Institutional interest in digital assets means that crypto terms such as 'Nakamoto Coefficient' are now mainstream issues.

Options dealers likely bought ETH in spot/futures market to hedge their short call exposure, adding to bullish momentum, BloFin's Griffin Ardern sa

The price of ether, the native token to the Ethereum network, rose past $3,000 for the first time since April 2022 on Monday, continuing a recent h

Ether has rallied 16% in seven days, outperforming bitcoin's 8.5% rise.

Ether is probably the only digital asset other than bitcoin likely to get spot ETF approval from the SEC, the report said.

However, ether will likely capture more hype and mindshare in the coming months on a potential ETF listing, one analyst said.