Four reasons Spot Ethereum ETF could be approved in the next 24 hours. The final reason comes from the fiercest competition this year!
1. SEC requires funds to update 19b-4 trading rule filings for Spot Ethereum ETF. This was the request made before the Spot Bitcoin ETF was approved, so the community is expecting the same thing to happen with Ethereum.
2. In previous years, the SEC continuously evaluated ETH as a security, but at the final deadline of the Spot Ether ETF, the SEC was opposed by funds and exchanges and did not provide evidence to consider ETH as a security. valid.
3. BlackRock is one of the largest asset management funds globally. Of the more than 500 ETFs BlackRock proposed to the SEC, only one was rejected. With a win rate this high, BlackRock's Spot Ether ETF is likely to continue to be approved.
4. Run for US President. Donald Trump has been bullish on crypto, he received support not only from the community but also received large amounts of money from crypto companies to run for President.
Joe Biden is looking to gain support from the web3 community, so Trump and Biden can put pressure on the SEC and get the SEC to approve the Ethereum ETF in the next 24 hours.
