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Become a freelance financial writer ✌️【Self-Scheduling】✌️Boost your savings with a ₹500 investment. High returns are just a click away!Both protocols allow users to stake ether on their platforms and earn around 4.5% in annualized staking rewards.Elsewhere, tokens of layer 2 networks such as Mantle’s MNT and Optimism’s OP gained as much as 9%.
Become a freelance financial writer ✌️【Self-Scheduling】✌️High returns await! Invest ₹500 and start seeing profits grow exponentially each month.These networks are built atop Ethereum but operate as independent blockchains, allowing users to transact cheaply and much faster than the main blockchain.However, market observers cautioned that an ether ETF remained a probability rather than a possibility as of Wednesday."The main idea is that ETH, being the second largest cryptocurrency, would have the highest probability of being the next ETF after BTC,” Martin Lee, analyst at on-chain data firm Nansen, told CoinDesk in a Telegram message.But some stated that select tokens could gain in the coming days.
"Tokens in the ETH ecosystem like LIDO, ENS, and MKR experienced sharp up moves which should continue to take the attention away from BTC as traders now must position for the possibility of an ETH ETF," said Jack Tan co-founder of crypto exchange WOO X, in a Telegram message.Thirteen issuers, including traditional finance giants BlackRock and Fidelity, are currently in line for a spot bitcoin ETF whose approval is widely anticipated later on Wednesday.Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
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