Ethereum Banner Flies Outside NYSE Building, Signaling Crypto's Rising Importance on Wall Street

For the first time, an Ethereum ETH/USD banner was flown outside the New York Stock Exchange building, symbolizing the world's second-largest cryptocurrency's rising importance on Wall Street.

A banner for an Ethereum (CRYPTO: ETH) exchange-traded fund was flown outside the New York Stock Exchange for the first time, highlighting the world's second-largest cryptocurrency's growing significance on Wall Street.

The banner for the Bitwise Ethereum ETF (NYSEARCA:ETHW) went up on the facade of the iconic trading platform, with the fund's ticker displayed prominently.

Reacting to the video, Nate Geraci, president of The ETF Institute, said, "What a moment… The word “Ethereum” hanging from the 120-year-old New York Stock Exchange building. Picture might end up in the history books someday."

Silicon Valley investor Balaji Srinivasan, a well-known figure in the tech and cryptocurrency space, hailed the event as Ethereum's victory over the Securities and Exchange Commission (SEC).

It's worth noting that this isn't the first time a banner for a cryptocurrency fund has been hoisted on Wall Street. Earlier in February, a banner for the Grayscale Bitcoin Trust (NYSEARCA:GBTC) was spotted outside the NYSE.

The final approval of spot Ethereum ETFs earlier this week was a major win against forces within the SEC who had raised concerns that the cryptocurrency is a security.

The nine new ETFs have seen trading volumes of nearly $1 billion on each of the first three days since launch, according to SoSo Value.

Talking about the Bitwise Ether ETF, the fund has seen cumulative net inflows of $250 million since listing.

Ethereum was trading at $3,267.86 at the time of writing, up 2.90% over the past 24 hours, according to data from Benzinga Pro.

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