Cryptocurrency

Cryptocurrency

Ether jumps 16% on US ETF approval speculation

Stay informed with free updatesSimply sign up to the Cryptocurrencies myFT Digest -- delivered directly to your inbox.The price of ether has jumped more than 16 per cent on speculation that US regulators will give the green light to stock market funds that invest in the world’s second-biggest cryptocurrency.The sharp rise, which began last night, caught many traders by surprise as most had expected the Securities and Exchange Commission to delay or reject the first ether exchange traded fund by a Thursday deadline. Bitcoin also rose 6 per cent overnight...
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