BUZZ-ProShares Ether jumps on speculations over spot Ether ETF approval

Reuters05-21

** Shares of ProShares Ether Strategy ETF climb 10.4% to $82.64 intraday on optimism around Ether exchange-traded funds $(ETF.AU)$ receiving regulatory approval

** Ether trading up at 7.83% to $3,772 while the world's most valuable cryptocurrency bitcoin was last up 2.4% at $71,203, approaching March peak of $73,803.25

** Securities and Futures Commission $(SEC.UK)$ asked exchange operators Nasdaq , CBOE and Intercontinental Exchange -owned NYSE to fine-tune their applications to list spot Ether ETFs, according to sources

** U.S. SEC is expected to give its ruling on spot Ether ETF applications this week

** U.S. SEC earlier this year approved Bitcoin ETFs, following which the cryptocurrency has risen over 50%

** As of last close, EETH up 38.1% YTD, while Ether has added over 60% YTD

(Reporting by Nikhil Sharma in Bengaluru)

((nikhil.sharma@thomsonreuters.com))

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