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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 <a rel="noopener noreferrer nofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a>, 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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    <p lang="en" dir="ltr">#ETH spot <a rel="noopener noreferrer nofollow" title="volumes" href="https://thebittimes.com/tag/volumes.html">volumes</a> surged to their <a rel="noopener noreferrer nofollow" title="highest" href="https://thebittimes.com/tag/highest.html">highest</a> <a rel="noopener noreferrer nofollow" title="level" href="https://thebittimes.com/tag/level.html">level</a> since the FTX <a rel="noopener noreferrer nofollow" title="collapse" href="https://thebittimes.com/tag/collapse.html">collapse</a> boosted by ETF excitement. pic.twitter.com/WrSEiKVP0y</p>— Kaiko (@KaikoData) November 10, 2023
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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>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Kaiko reports Alameda gap still exists
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 <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 iShares Ethereum Trust 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>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Kaiko reports exchange de-listings at an all-time high
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/eth-spot-volumes-at-highest-level-since-ftx-collapse-tbt69881.html">https://thebittimes.com/eth-spot-volumes-at-highest-level-since-ftx-collapse-tbt69881.html</a></p>

ETH spot volumes at highest level since FTX collapse

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