🚀The approval odds for a spot #EthereumEFT have increased, leading to a surge in ETH prices.🚀
Bloomberg analyst raises the approval odds for a spot Ethereum ETF from 25% to 75%
Bloomberg analyst Eric Balchunas has announced that he has increased the likelihood of approval for a spot Ethereum ETF from 25% to 75%. He stated: "This afternoon, I heard some rumors suggesting that the SEC might make a 180-degree turn on this issue (it's becoming increasingly politicized), so now everyone is frantically preparing (like us, others also thought it would be rejected)." He also emphasized that he would cap the probability at 75% until more evidence is available, such as updated applications.
We also see more indications that the probability of a spot ETH ETF being approved is increasing.
According to CoinDesk, the SEC has asked exchanges to expedite updates to their 19b-4 filings regarding spot Ethereum ETFs.
A 19b-4 filing is a document submitted by an exchange, typically related to changes in the exchange's operations, such as the introduction of new products, modifications to trading mechanisms, or other related exchange policies.
