On May 23, the Securities and Exchange Commission approved eight spot Ether ETFs to list on their exchanges.#Etherfell 3.4 percent just before the news, recovered by nearly 5 percent shortly after and is currently trading at $3,806. #EarnFreeCrypto2024

Crypto commentator Zach Rynes argues that the lack of action reflects the idea that “everyone who wants to buy confirmation has already bought it.”

#ETH Ether was already up 29% last week following reports suggesting the SEC may have changed its stance on ETF approvals.

What will happen next?