Ethereum (ETH) has seen a 20% surge, hitting a six-week high of over $3,700. This boost is due to optimism regarding the possible approval of ETH ETFs by the SEC, with Bloomberg analysts increasing the probability of approval to 75%, expecting a decision by May 23. Several firms, including VanEck and BlackRock, are lining up to launch the first ETH ETF. The anticipation of this approval has also positively affected Bitcoin prices. Additionally, Prometheum has launched an ETH custody service, strategically preparing for the SEC's decision.
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