Ether ETF Approval Odds Now At 75%
Ethereum Surpasses Mastercard in Market Value, 28,000 BTC Left Centralized Exchanges In A Week
Bloomberg analysts Eric Balchunas and James Seyffart are increasing their odds of the SEC's approval of spot Ethereum ETFs from 25% to 75%.
This is due to an alleged "chatter" and the SEC's request for a revision of 19b-4 filings by today, which indicated that the SEC could be turning positive regarding the Ether ETF applications.
Some industry experts are speculating that the SEC could approve Ethereum ETFs as soon as tomorrow.
Ethereum ETF applications from multiple firms — Hashdex, VanEck, ARK 21Shares, Invesco Galaxy, Bitwise, Fidelity, Grayscale, and Franklin, are awaiting the decisions. VanEck is first, with May 23rd as deadline.
Like the approved Bitcoin ETFs, Ethereum ETFs could open new doors for mainstream integration and easier access to exposure for different investors.
Ethereum has surged around 22% on the new odds announcement
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