Ethereum suddenly started to rise in the early hours of last night, and the increase exceeded that of Bitcoin. The market collectively rose, and the market suddenly took off. Today, we found the reason for the sudden rise from the news: First, Bloomberg analyst Eric Balchunas’ latest article stated that the probability of the approval of the spot Ethereum ETF has increased significantly from 25% to 75%! What’s the reason? Yesterday afternoon, there were rumors that the U.S. Securities and Exchange Commission (SEC) might make a 180-degree turn on this issue. This issue is becoming more and more politicized, so now everyone is desperately preparing for the application. The implementation of this news will be a major positive, and it will usher in a large amount of ETF funds to flow into the market to raise the market value. Although everyone has high expectations for this, Balchunas reiterated that he will set the upper limit of the probability at 75% until he sees more evidence, such as application updates. Although we remain optimistic about Bitcoin, the progress of the Ethereum ETF is undoubtedly an important event worthy of our attention. Let us look forward to more good news together! Second, there are reports that the US dollar will see a rate cut. Even though the official rate cut news has not yet been released, many small and medium-sized banks in the United States are already preparing for the rate cut. This rate cut will bring about the release of funds, and a large amount of US dollars will flow into various high-quality assets, especially the value currency market. $ETH $FIL