DailyBubble News
DailyBubble News

Crypto Markets Bounce after SEC Closes Ethereum 2.0 Investigation

Spot Bitcoin ETFs saw a net outflow of $152 million on Tuesday. The crypto markets rallied after the SEC officially closed its investigation into Ethereum 2.0. Ethereum surged by 4%, bringing its monthly gain to 14%, while Polkadot and Solana also saw gains of 3%. Tokens closely tied to Ethereum, such as Lido DAO’s governance token (LDO), Ethereum Name Service (ENS), and Maker (MKR), increased between 12% and 20% in the last 24 hours. Pendle, a yield trading protocol, experienced the biggest gain among the top 100 digital assets by market capitalization with a 21% surge. Consensys, a blockchain software development company, announced that the SEC is ending its investigation into Ethereum 2.0, which was previously used to describe Ethereum’s transition to a Proof of Stake (PoS) network. Spot bitcoin ETFs had $152 million in net outflows on Tuesday, with Fidelity’s FBTC leading with $83 million and Grayscale’s GBTC following with $62 million. In the stock markets, the Dow climbed 0.15%, the Nasdaq Composite remained flat, and the S&P 500 increased by 0.30% on Wednesday.

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