🚀🚀Buckle up, BTC enthusiasts! ETH prices soared to a whopping $3,700 in early trading in Asia on Tuesday, May 21, marking the highest point since early April. This 20% surge has been ignited by renewed optimism that the US Securities and Exchange Commission could greenlight the first spot ETH ETF from VanEck on May 23. 🎉

The crypto market has been swept up in this wave, with the total market cap increasing by 8.6% to $2.74 trillion. Bitcoin is closing in on its all-time high, hitting $71,600 during trading in Asia on Tuesday morning. 📈

Bitcoin pioneer Anthony Pompliano shared his excitement, stating that if the Ethereum ETF gets approved, it's a win for the entire industry. Bloomberg ETF analysts James Seyffart and Eric Balchunas have also upped their approval odds from 25% to 75%. 🎲

Meanwhile, ten issuers, including BlackRock, Fidelity, and Grayscale, are in the race for America's first spot Ethereum ETF. VanEck is the first in line, with Ark 21Shares following on May 24. 🏁

In related news, crypto asset trading and custody firm Prometheum has launched an Ethereum custody service, treating the asset as a security. This move has sparked speculation that it could be in preparation for an SEC denial of ETH ETFs. However, the recent shift in sentiment suggests the opposite might happen this week. 🔄

Stay tuned, folks! The crypto world is full of surprises! 🌍🚀