The price of Ether, the cryptocurrency with the second biggest market cap after Bitcoin, saw a massive spike late Monday, boosting the price of other major crypto tokens as moves by the U.S. Securities and Exchange Commission raised speculation that Ether exchange-traded funds may be in line for regulatory approval soon.

The boost in Ether and other crypto prices comes amid speculation that Ether exchange-traded funds may soon receive regulatory approval. The SEC has reportedly asked exchanges looking to list Ether ETFs to update or refile regulatory documents called Form 19b-4. Those filings are usually made to request the SEC amend its rules to allow a new type of exchange-traded fund. Citing unnamed sources, CoinDesk reported the SEC sought these filings to be made on “an accelerated basis” and the regulator may approve these applications by Thursday.$ETH #ETHETFS