đETH soared 10% in minutes on Monday, hitting $3450! Rumor has it, a US spot ETF for ETH could be on the horizon.đ
đŠBloomberg ETF analyst, Eric Balchunas, tweeted that the odds of ETH ETF approval this month have jumped from 25% to a whopping 75%. Seems like the SEC might be changing its tune on this hot topic.đ
đRemember H.J.Res.109? The resolution to ditch an anti-crypto banking rule passed by the SEC? Despite Biden's veto threat, it sailed through the House and Senate with bipartisan support.đ
đBalchunas and partner, James Seyffart, confirmed their accounts weren't hacked and their odds shift is based on info from multiple sources. Expect a flurry of filings in the coming days if they're right.đ
đïžFox Business reporter, Eleanor Terret, added that a prospective ETF issuer said things are "evolving in real time" regarding their application approval.đ
đBTC also got a boost from the news, rising 5% to $69,850 on Monday. The crypto market saw $226M in liquidations in the past 24 hours, according to Coinglass.đ°
What do you think? Is a US ETH ETF just around the corner? Let's chat in the comments!đ #ETH #ETF #CryptoNews