Why is Ethereum growing?
Ethereum has skyrocketed more than 20% in a matter of hours amid rumors that the SEC may be warming up to finally approving a spot ETH ETF product.
This surge in price came from none other than Bloomberg Intelligence senior ETF analyst Eric Balchunas, who delivered a complete 180% on his previous approval rate prediction. After initially giving it only a 25% chance, Balchunas and colleague James Seyffart have now revised their estimate up to a 75% probability after rumors of a possible “SEC backbench” reached alarming levels. fever.
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