Breaking: SEC Approves Spot Ethereum ETF Applications

The U.S. Securities and Exchange Commission (SEC) has approved all spot Ethereum ETF applications.

In a landmark decision on May 23rd, the U.S. SEC has approved several applications for spot Ethereum ETFs.

Ethereum experienced a significant 18% price spike on May 21st amid fresh speculation that spot Ether ETF applications could get the regulatory green light by the May 23rd deadline. Bloomberg ETF analysts Eric Balchunas and James Seyffart raised the approval odds from 25% to 75% after noting increased "chatter" that the SEC was urging applicants to expedite their 19b-4 filings.