On April 27, 2017 Ether crossed it’s previous all-time high price of $60 and reached upto $68. Ether, the cryptocurrency of Ethereum blokchain network is the second most valuable cryptocurrency. This recent price surged also added it’s market capitalization by $600 million. After hitting a high of $68. Ether declined and was stable around $64.
In Mid 2016, the EtherIndex Ether Tust Team filed a proposal for an Ether Exchanged Traded Fund (ETF) to United States Securities Exchange Commission (SEC)
Recently on April 21,2017 The US Securities Exchange Commission had announced that it will evaluate Ethereum and will consider it for ETF Approval. The SEC will approach to the concerned persons in upcoming weeks to discuss and give it’s decision about the approval of Ethereum ETF.
This announcement created a positive impact on Ethereum Market. Ether price are rising since then,due to the possibility of an ETF approval. If Ethereum ETF is approved, then it will allow institutional and high profile investors to invest in Ethereum via a regulated channel.
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