Ethereum has risen above $4,000 for the first time in six months with bitcoin breaking all time high to rise above $66,000.
Bitcoin jumped by about 4.8% on the opening of the stock market, while the Bitcoin ETF rose by 8.39% to $43.35 from $40.39 at some point yesterday.
That gives it a premium of close to 4%, more than the 2.7% premium it saw yesterday as the ETF’s volumes reached the second highest of any ETF launch ever.
Demand for the ETF thus is seemingly contributing to bitcoin’s spot rise with its price currently standing $1,000 above its previous all time high.