Ethereum’s Market Cap Soars Past Bank of America with Spot ETF Approval

In a significant development for the cryptocurrency market, Ethereum has surpassed Bank of America in terms of market capitalization. This surge comes as a result of fresh capital inflows from the U.S. Securities and Exchange Commission’s (SEC) approval of spot Ether ETFs. The influx of over $100 million into these ETFs marks a pivotal moment in legitimizing cryptocurrencies within mainstream finance, attracting both institutional and retail investors. 👀 Experts attribute this rise to Ethereum’s growing role as a decentralized platform for financial transactions.