Rumors have emerged that the SEC may approve some spot Ethereum ETFs
Ethereum price reacts to rumors and takes off without brakes
The value of Ethereum$ETH , the second largest cryptocurrency by market capitalization, rose significantly after rumors emerged that the US Securities and Exchange Commission (SEC) may approve...
Some Ethereum spot exchange traded funds (ETFs).
Yesterday, Monday, the price of Ethereum $ETH reached $3,710. This sudden rise is due to rumors circulating on social media and discussion platforms indicating that the US Securities and Exchange Commission (SEC) has approved exchange-traded funds (ETFs) for Ethereum.
According to a report by Coindesk, cryptocurrency exchanges have been instructed by the SEC to âacceleratelyâ update their 19b-4 filings.
This increased optimism among investors, causing the value of Ethereum to rise significantly. In addition, the digital currency saw trading volumes rise by 293.90%, indicating increased interest in it.
âHearing chatter this afternoon that the SEC could do a 180 on this growing political issue, so everyone is scrambling now.
