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<p class="is-style-lead">According to a post from Kaiko, a leading source of cryptocurrency market data, analytics, indices, and research, dated Nov. 10 on X, spot volumes are on a positive uptrend.</p> 
<p>The promising numbers are believed to be a product of ETF excitement with news from BlackRock.</p> 
<h2 class="wp-block-heading" id="a-6-billion-spike">A $6 billion spike</h2> 
<p>Data shows that from lows of less than $1 billion in February of this year, spot volume, or the total amount of a particular asset or cryptocurrency that has been traded in the spot market within a specific timeframe has now exceeded $6 billion in November, after a volatile few months.</p> 
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   https://twitter.com/KaikoData/status/1722951594453385642 
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<p>In the same day, Ethereum (ETH), the second-largest digital asset by market capitalization, demonstrated a notable upswing on Nov. 9, hitting its 52-week peak at $2,137. </p> 
<p> You might also like: <a href="https://crypto.news/kaiko-reports-alameda-gap-still-exists/"> Kaiko reports Alameda gap still exists </a> </p> 
<p>At present, Ethereum maintains a robust position above the $2,000 threshold, with its current trading value standing at around $2,098, indicating a 10% surge within the span of 24 hours.</p> 
<h2 class="wp-block-heading" id="etf-excitement-continues">ETF excitement continues</h2> 
<p>The recent upswing in Ethereum’s value is ascribed to several factors, with one significant catalyst being BlackRock’s registration of an <a href="https://crypto.news/blackrock-prepares-to-file-spot-ether-etf/" data-type="link" data-id="https://crypto.news/blackrock-prepares-to-file-spot-ether-etf/">iShares Ethereum Trust</a> in Delaware on Nov. 9.&nbsp;</p> 
<p>Speculation among industry observers suggests that BlackRock is gearing up to introduce a spot Ethereum ETF following the potential approval of its proposal for a spot Bitcoin ETF.</p> 
<p> Read more: <a href="https://crypto.news/kaiko-reports-exchange-de-listings-at-an-all-time-high/"> Kaiko reports exchange de-listings at an all-time high </a> </p>

ETH spot volumes at highest level since FTX collapse

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