Ethereum NFT Sales Jump 27% After The SEC Approved Spot Ethereum ETFs

The US Securities and Exchange Commission (SEC) has finally approved the sale of spot Ether Exchange-Traded Funds (ETFs) in the United States. The SEC has combined proposals from the Nasdaq, NYSE, and CBOE exchanges, which requested changes to existing rules to allow the trading of Ethereum Exchange-Traded Products (ETPs) and ETFs.

Here's the link for everyone asking https://t.co/mzOPL1EZqC pic.twitter.com/4ZRQY0Y6vk

— James Seyffart (@JSeyff) May 23, 2024

This highly anticipated crypto achievement has fueled a short-market rally in various digital assets, especially those closely associated with the Ethereum blockchain network. Ether, the native crypto asset for the Ethereum network, saw its price jump from $3,751 to $3,923 in just few hours. Ether has sustained this market high and is now exchanging hands at $3,809 at the time of publishing.

Source: CoinGecko.com, Ether trading activity in the past 24 hours

Ethereum NFT Sales Jumps 27% Today

Data compiled by CryptoSlam.io, an on-chain crypto market aggregator and a multi-chain non-fungible token market explorer, indicates that the Ethereum NFT market has also soared sharply after the United States Securities and Exchange Commission approved the usage of Ethereum Exchange-Traded Products (ETPs) and ETFs.

In the past 24 hours, non-fungible token collections hosted on the Ethereum blockchain network have amassed a trading sales volume of $6.8 million, representing a 27.25 % rise from the previous day. Ethereum NFTs have defied the recent short bear market, which started sometime in March after its initial Bitcoin Ordinal market hype faded. Below, we have listed the top-selling NFTs today:

1. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, a flagship non-fungible token collection from the digital asset firm Yuga Labs featuring a limited edition of 10,000 NFTs hosted on the Ethereum blockchain network, is today’s top-selling NFT collection. In the past 24 hours, the Bored Ape NFT collection has raised a trading sales volume of $600,894, representing a 26% spike from the previous day.

2. The Captainz NFT Collection

The Captainz, a non-fungible token collection from a renowned web3-focused studio Memeland that features a limited set of 9,999 pixilated NFTs hosted on the Ethereum blockchain network, is today’s second most traded NFT collection. In the past 24 hours, the Captainz has raised a sales volume of $409,044. The Captainz NFT sales have dropped 21.34% from the past day.

3. CryptoPunks NFT Collection

CryptoPunks, a non-fungible token collection from the digital asset firm Yuga Labs featuring a limited supply of 10,000 pixilated NFTs hosted on the Ethereum blockchain network, is today’s third most-selling NFT collection. In the past 24 hours, the CryptoPunks NFT collection has raised a trading sales volume of $396,695. The CryptoPunks NFT trading sales volume has soared 232% from the past day.

4. Mutant Ape Yacht Club NFT Collection

Mutant Ape Yacht Club, another non-fungible token collection from the digital asset firm Yuga Labs that features a fixed supply of 20,000 NFTs, is today’s fourth most-selling NFT collection. In the past 24 hours, the Mutant Ape Yacht Club NFT collection has recorded a trading sales volume of $312,757. The Mutant Ape NFT sales volume has soared 49% from the past day.

5. Mocaverse NFT Collection

Mocaverse, a non-fungible token collection from the blockchain gaming behemoth Animoca Brands featuring a limited supply of 8,888 NFTs hosted on the Ethereum blockchain network, is today’s fifth most-selling NFT collection. In the past 24 hours, the Mocaverse NFT collection has amassed a trading sales volume of $297,676.

6. Pudgy Penguins NFT Collection

Pudgy Penguins, a non-fungible token collection from the Pudgy Penguins toy brand featuring a limited supply of 8888 cute penguins birds hosted on the Ethereum blockchain network, is today’s sixth most-selling NFT collection. In the past 24 hours, the Pudgy Penguins NFT has recorded a trading sales volume of $276,682. The Pudgy Penguins NFT sales have surged 572% from the past day.

7. Milady Maker NFT Collection

Milady Maker, a non-fungible token collection from the digital asset firm Remilia, featuring a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network, is today’s seventh most-selling NFT collection. In the past 24 hours, the Milady Maker NFT collection has amassed a trading sales volume of $260,133. Milady Maker NFT sales volume has soared 222% from the past day.

8. Pixelmon NFT Collection

Pixelmon, a non-fungible token collection from the Pixelmon, an open-world RPG NFT game hosted on the Ethereum blockchain network, is today’s eighth most-selling NFT collection. In the past 24 hours, the Pixelmon NFT collection has recorded a trading sales volume of $233,428.

9. Sorare NFT Collection

Sorare, a non-fungible token collection from Sorare, an NFT-based game with the elements of fantasy football, is today’s ninth most-selling NFT collection. In the past 24 hours, the Sorare NFT collection has recorded a trading sales volume of $229,368. Sorare NFT sales volume has plunged 3.98% from the past day.

10. Blue-chip Azuki NFT Collection

Blue-chip Azuki, a non-fungible token collection from the digital asset incubation studio Chiru Labs featuring a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network, is today’s tenth most-selling NFT collection. In the past 24 hours, the Azuki NFT collection has recorded a trading sales volume of $135,176, closing our top-selling NFTs amid Ethereum ETF market hype.