The native token of the Ethereum environment Ether reached another all-time high surpassing $4.130.
Related: VanEck Applies for Ether ETF
Ether's price has seen a 28.86% increase during the previous 7 days. Currently, its market dominance index stands at around 19% and its market cap is over $475.6 billion. The development of the Ethereum network along with the surge of the price made its creator Vitalik Buterin the youngest billionaire in the crypto industry.
Various financial institutions are interested in presenting new investment products for Ethereum. Among them is the investment manager VanEck which applied for an Ether-based exchange-traded fund with the US SEC.
The first country to approve Ether ETFs became Canada authorizing 3 such products on April 17. Most altcoins have surged recently. The entire crypto market cap currently stands at above $2.49 trillion. Bitcoin market dominance index is 43.75%.