📰 Crypto Breaking News – Aug 11, 2025 🌍💹
SEC Gives Green Light to First Ethereum Spot ETF in the U.S. 🚀
The U.S. Securities and Exchange Commission has officially approved the first-ever Ethereum Spot ETF, marking a historic moment for the crypto industry. The ETF will be listed on the NASDAQ next month, opening ETH investment to millions of traditional market participants.
Market Impact So Far:
ETH surged +4% in early trading, now testing $5,700 resistance.
Analysts expect significant institutional inflows similar to Bitcoin’s ETF launch earlier this year.
Altcoin market also showing a bullish spillover effect.
💡 Why It Matters:
This move could push Ethereum further into the mainstream financial system and drive long-term price appreciation.
