Why Ethereum, Shiba Inu, and Bitcoin Cash Are Rising Today
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, , 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.
Source Fool.com
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