Big news for Ethereum (ETH), a type of cryptocurrency! A company wants to create a special fund, like a savings account, for Ethereum. This fund would let people earn extra Ethereum by 'staking' it – it's like lending your money to help the Ethereum network and getting paid interest. This is called an ETF (Exchange Traded Fund), and it needs approval from the government.
- A company applied to let people stake their Ethereum in a new fund.
- Staking means helping the Ethereum network and earning more Ethereum.
- This could be the first ETF that allows staking.
- Ethereum's price went up a bit after this news.
| Fact | Number |
|---|---|
| Ethereum price increase after news | 8% |
| Ethereum's highest price today | $2,790 |
| Goldman Sachs investment in ETH ETFs | $450 million |
| Ethereum price drop from January high | 26% |
