This is good news. If the U.S. approves the Ethereum spot ETF, tens of billions of dollars will flow in! And it’s still the initial wave. There are still 10 days until the end of the month, looking forward to it!

The probability of SEC approving the Ethereum spot ETF by the end of this month is 30% to 40%

An institution believes that the probability of the U.S. SEC approving the Ethereum spot ETF by the end of this month is between 30% and 40%.

Institutional research analyst David Han said in a report recently that the main factor that led the SEC to approve the spot Bitcoin ETF, namely the correlation between CME futures products and spot exchange rates, may also lead to its approval of the spot Ethereum ETF.

Han said that whether it is the prediction market or the Grayscale Ethereum Trust Fund trading at a 24% discount, "this decision has surprising upside."

He also admitted that the SEC's silence has created "uncertainty" and that an Ethereum spot ETF specifically for participation in ETH staking is unlikely to be approved. (CryptoSlate) $ETH