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Ethereum Forum / Re: SEC May Deny Spot Ethereum ETF In May
« on: Today at 02:17:12 PM »In the context of the topic, rumors spread yesterday or before about the approval of a Spot Ethereum ETF, which had major positive effects on the market, as Ethereum rose to exceed $4,000, and Bitcoin also surpassed 71K$ before falling again.
Until now, the news is still not officially confirmed, but I believe that the possibility of approval is very close. Most likely, the Bitcoin ETF scenario will be repeated, as it was initially rejected, then approval was obtained after pressure from large companies.
Yeah, looks like it going to be approved
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But it was Ethereum (ETH) that turned the most heads, clocking in nearly 20% worth of gains to soar above $3,600.
Markets are bracing for a hotly anticipated decision from the US Securities and Exchange Commission (SEC) on the approval of spot-ether exchange-traded funds due this week.
Applications filed by VanEck and Ark Invest are due to be approved or rejected on Thursday and Friday respectively.
https://uk.investing.com/news/cryptocurrency-news/bitcoin-ethereum-soar-as-market-braces-for-major-etf-decision-3506759
Ethereum was having a bad performance in the last months, but things might change now. With the approval, Eth might reaches its ATH (4800) soon, and even beyond it.