Interesting news for the crypto world! Ethereum (ETH) is up 14% today, fueled by growing optimism about a potential spot Ether ETF approval by the SEC.
This follows a period of declining expectations, with some analysts predicting as low as a 30% chance of approval in May. The reasons for the sudden surge in confidence are unclear, but it could be linked to recent developments or renewed industry lobbying efforts.
It's important to remember that the SEC has not yet made a final decision, and there are still factors that could derail the approval process.
However, this news is a positive sign for Ethereum investors and could further legitimize the cryptocurrency market as a whole.
