Ethereum ETF and Comments
Everyone in the market had their eyes on the May 23 date. It is expected that the US SEC will make a historic decision within 24 hours, and the estimated time for the decision to be taken is 23.00 Turkey time. The final decision date regarding the spot Ethereum ETF offered by VanEck was May 23.
Until last week, the expectation in the market was that the ETF might be gradually rejected, but things changed as of Monday. Bloomberg's famous ETF analysts increased their approval expectation rate from 25% to 75% and excited the entire market.
Following this news, the price of ETH suddenly jumped from $ 3,000 to over $ 3,700. As of press time, the ETH price continues to trade at $ 3,768 after the 0.81% increase. It should not be forgotten that the price may have high volatility after the decision to be taken tomorrow.
