iShares Ethereum Trust ETF is trading at $12.96, up 3.3% from its June 12 close of $12.57, fueled by a significant jump in Ethereum prices and a broader market recovery.

  • The move is primarily driven by a sharp gain of over 3% in Ethereum (ETH) over the last 24 hours.
  • A tentative U.S.–Iran peace deal has sparked a global risk-on rally, easing oil and inflation concerns while boosting crypto and growth assets.
  • The ETF's pre-market performance reflects a broad rebound in risk assets as geopolitical tensions show signs of cooling.