The firm has proven its incredible streak of approvals with the SEC. Indeed, the largest asset manager in the world has only ever seen one ETF application be denied by the agency. Interestingly enough, the previously rejected Total Return ETF saw an updated application get approved, hitting the market in December of last year.

Altogether, 9 firms are seeking Spot Ethereum ETF application approval. Among those are BlackRock, VanEck, ARK 21Shares, Hashdex, Grayscale, Invesco Glaxy, Fidelity, Franklin, and Btiwise.

The expected approval should have an unprecedented impact on EThereum’s value. Indeed, $725 billion asset manager Bernstein has already predicted ETH ETF approvals will rally the asset to a new all-time high of $6,600.