Bitcoin (BTC) is adding to gains alongside ETH’s advance, now higher by more than 5% and just shy of the $70,000 mark. Also on the move is the Grayscale Ethereum Trust (ETHE), a closed-end fund that Grayscale has proposed converting into a spot ETF. It’s recently been trading at more than a 20% discount to net asset value as investors bet against SEC approval, but is now higher by more than 23% on Monday. Source: https://www.coindesk.com/markets/2024/05/20/ether-jumps-10-to-34k-after-bloomberg-ups-odds-of-spot-etf-approval/?utm_medium=referral&utm_source=rss&utm_campaign=headlines