[The approval of spot Ethereum ETF is expected to drive a sharp rise in related ETF products]

The passing probability has increased from 25% to 75%. Why is it 75% and not 70%? Not 85%? It’s just metaphysics, there is no regulation in the currency circle, and ETFs are just fig leaves😄

Market news revealed that the U.S. Securities and Exchange Commission (SEC) is likely to approve the listing of a spot Ethereum ETF within this week.

Affected by this positive expectation, the Ethereum ETF products of Harvest, Huaxia and Boshi all recorded significant increases of more than 19%. At the same time, Bitcoin ETF products also performed well. The Bitcoin ETFs of Boshi, Huaxia and Harvest all increased by more than 6%.

Driven by the fiery ETF market, the spot prices of Ethereum and Bitcoin also rose sharply. The price of Ethereum once rose by nearly 6% and successfully exceeded the $3,700 mark. Bitcoin rose by more than 2%, reaching the key point of $71,000 per coin.

The SEC’s approval of the spot Ethereum ETF is expected to bring more liquidity and investor participation to the cryptocurrency market, while also further promoting the mainstreaming of digital assets. The sharp rise in related ETF products reflects the market's positive expectations for this potential benefit.