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Y Combinator (YC), the Silicon Valley incubator, has listed stablecoin finance as a category in its new and updated list of areas it would like to deploy funds in.
Ether is probably the only digital asset other than bitcoin likely to get spot ETF approval from the SEC, the report said.
Sector tokens jumped 7.7% on average in the past 24 hours, CoinGecko data shows, with Ocean Protocol’s OCEAN and Fetch.AI’s FET rising more than 10%.
ARK offloaded Coinbase shares from ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF.
Data from past cycles entered around halvings, and a key technical analysis tool suggested that the path of least resistance is higher.
However, ether will likely capture more hype and mindshare in the coming months on a potential ETF listing, one analyst said.
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