Anticipation surrounding President-elect Donald Trump's potential executive order on cryptocurrencies has stirred optimism in the Ethereum market. Speculation that Trump may prioritize crypto as part of a national agenda is creating a buzz, potentially signaling a more favorable regulatory environment. Additionally, the expiration of significant Ethereum options, alongside Bitcoin, has injected volatility into the market, prompting traders to recalibrate their strategies. The introduction of Ethereum staking by Swiss bank PostFinance has further bolstered Ethereum's appeal, offering customers a chance to earn passive income, thereby increasing demand for the cryptocurrency.
The Volatility Shares Trust 2x Ether ETF (ETHU) experienced a notable rise, climbing 4.41% to $7.82 as of 4:40 AM on Friday, January 17.