#ChartoftheDay According to CoinGlass data, the total open interest in ETH's futures has exceeded $14.8 billion, hitting record highs.

According to news reports, the US #SEC is urging exchanges involved in listing and trading shares of spot Ether ETFs to accelerate their updates to 196-4filings. The move is widely understood as a hint of possible earlier-than-expected approvals of spot #ETHETFS . Such approvals were previously believed to be a long shot for the new future as the SEC had historically sought to classify Ether as a security due to its staking feature.

Upon the news, cryptocurrencies saw across-the-board rallies, and $ETH jumped 20% on Monday and continued rising today. $BTC rallied sharply earlier this year after the SEC gave approval to BTC spot futures. If Ether spot #ETFs are approved, Ether's price will probably be pushed higher to new records.