{"id":10432,"date":"2024-05-27T03:23:35","date_gmt":"2024-05-27T03:23:35","guid":{"rendered":"https:\/\/newsbuzz24x7.com\/arbitrum-price-surges-26-as-ethereum-etf-lifts-l2-sector\/"},"modified":"2024-05-27T03:23:35","modified_gmt":"2024-05-27T03:23:35","slug":"arbitrum-price-surges-26-as-ethereum-etf-lifts-l2-sector","status":"publish","type":"post","link":"https:\/\/newsbuzz24x7.com\/arbitrum-price-surges-26-as-ethereum-etf-lifts-l2-sector\/","title":{"rendered":"Arbitrum Price Surges 26% as Ethereum ETF Lifts L2 Sector"},"content":{"rendered":"

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Arbitrum price reclaimed $1.20 mark on May 25, up 25% within the weekly timeframe on news of Ethereum ETF approval: with new users trooping into the L2 ecosystem, ARB could witness more upside.<\/strong><\/p>\n

Arbitrum price surges 26% on Ethereum ETF Approval News<\/h2>\n

News of the Ethereum ETF approval has triggered a massive shuffle across the global cryptocurrency markets. Ethereum\u2019s main rival proof of stake networks including mega-cap assets like Solana (SOL) and Cardano (ADA) have lost traction, while Ethereum-affiliated projects have received considerable boost since the SEC official verdict on May 23.<\/p>\n

Notably, Ethereum Layer-2 networks have emerged one of the biggest gainers from the recent shift in crypto investors preferences in the aftermath of the ETH spot ETF approval.<\/p>\n

Arbitrum is one of the largest Ethereum L2 networks, and recent price action is in keeping with the aforementioned narrative.<\/p>\n

\"Arbitrum