Major positive news! The probability of Ethereum spot ETF approval increases, and market sentiment is high!
According to the latest analysis of an institution, the probability of the US SEC approving the Ethereum spot ETF by the end of this month is 30% to 40%. If this news comes true, it will trigger an influx of tens of billions of dollars in funds, and the Ethereum market may usher in a huge bull market!
Institutional research analyst David Han pointed out in his latest report that the main factor for the SEC to approve the spot Bitcoin ETF-the correlation between CME futures products and spot exchange rates, may also apply to the Ethereum spot ETF. This brings huge upside to the market.
30% to 40% approval probability: Although the probability is not high, it still brings expectations to the market.
Strong market demand: Grayscale Ethereum Trust is currently trading at a 24% discount, showing strong market demand for ETH spot ETFs.
The silence of the SEC has added uncertainty, especially for ETFs that participate in ETH staking.
As the end of the month approaches, investors' expectations for Ethereum spot ETFs are growing. If the SEC finally approves it, the Ethereum market will usher in huge capital inflows, driving prices up sharply.
Continue to pay attention to the SEC's movements and related announcements.
In the case of high market uncertainty, it is necessary to reasonably diversify the investment portfolio.
ETFs are approved, and investment strategies are adjusted in time to seize market upside opportunities.
Regardless of the final result, the market's enthusiasm for Ethereum spot ETFs has demonstrated its potential. I look forward to more surprises from the SEC to promote the further development of Ethereum and the crypto market!
