The recent approval of the first Bitcoin spot exchange-traded fund (ETF) in the United States by the Securities and Exchange Commission (SEC) has reverberated across the cryptocurrency landscape, triggering a significant surge in various altcoins, with Ethereum Classic (ETC) taking the spotlight.
Often overshadowed by its more well-known sibling, Ethereum, ETC has emerged as the clear winner in the aftermath of the groundbreaking news, experiencing an impressive surge of over 31% in the past seven days.
Ethereum Classic Trading Volume Up
Since the SEC’s approval of the Grayscale Bitcoin ETF on January 10th, Ethereum Classic has skyrocketed by a staggering 30%, currently maintaining a trading value around $26. This meteoric rise has been accompanied by a remarkable 270% increase in trading volume, soaring to a substantial $1.8 billion.
Such robust figures underscore a palpable surge in investor confidence, suggesting the potential for further gains in the near future.
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