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Is the SEC going to approve Ethereum ETFs as early as this week?
Ethereum prices are trading sharply higher in response to two Bloomberg analysts tweeting that they are hearing chatter that the SEC will approve ETH ETFs this week. The futures market has spiked almost 20%, driving crypto prices higher across the board, in response to the development. It had previously been suggested that the SEC was likely to reject ETH ETF proposals. However, according to James Seyffart and Eric Balchunas, odds of SEC approvals have now jumped to 75% from 25% prior after a U-turn in sentiment at the SEC. Sources close to the SEC told Fox Business that the US regulator is now taking its cues from ... (full story)