This week, Bitcoin (BTC) prices surged by
14.0% to $59,000, while Ethereum (ETH) rose by 6.0% to $3,300. Although ETH may
appear to be losing some upside momentum towards the end of February, it has
experienced a significant 45.0% increase since the beginning of 2024, compared
to a 38.0% increase for BTC.
The driving force behind Ethereum's rise is
the anticipated approval of a spot Ethereum-ETF on May 23 by the U.S.
Securities and Exchange Commission (SEC). While there is a possibility of a
delay, it might be perceived as unfair, especially after the SEC approved spot
Bitcoin-ETFs.