Ethereum Spot ETF Journey

The US SEC is speeding up the approval of spot ether ETFs, asking stakeholders to update their filings.

The likelihood of the US SEC approving spot Ethereum ETFs has increased significantly, with analysts raising the probability from 25% to 75%.

As a result, Ethereum price has gained more than 20% since Monday.

Open interest in Ether futures hit a record $14.05 billion on Wednesday, signaling investor hopes for SEC approval of spot ether ETFs.

According to Bloomberg analyst James Seyffart, the US SEC's decision on the VanEck and Bitwise spot Ethereum ETFs will occur on May 23.#BinancePizzaVN #MemeWatch2024 #Write&Earn #Write2Earrn #WriteRean2👏