Rising Expectations in ETF Approval 🌍

As speculation over the ETF approval has hit a fervish pace, the party hasn't even started yet.Happy times continued to prevail in crypto (famous last words!), as ETH took its turn in the limelight with a 11% rally on news that Blackrock has filed an iShares Ethereum Trust, a likely precursor to an eventual filing of a spot ETH ETF. Furthermore, while the spot BTC ETFs have still not been approved by the SEC, Bloomberg analysts see an 8-day window beginning on Nov 9th, where the agency has the potential to approve all 12 spot BTC ETF applicants. A failure to do so will push the window to January 10th, where they still see a 90% cumulative probability of the ETFs being approved.

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