The US Securities & Exchange Commission contacted at least one exchange and at least one potential spot-Ether ETF issuer to update related 19b-4 filings, according to people familiar with the matter, who asked not to be identified as the matter is private. That’s a sign that odds for SEC approval may be rising, one of the people said. The dialog is an unexpected shift but a green light is by no means guaranteed, the person added.

On Monday, Bloomberg Intelligence ETF analyst Eric Balchunas said he and his colleague James Seyffart had increased the estimated probability that a spot-Ether ETF gets approved to 75% from 25%.

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