$ETH $IO $CRV
Ethereum has just broken through $3,500 again: 👇🏻
Ethereum has also had a deep correction recently, falling to $3,427 at its lowest. People seem to have forgotten the hype of Ethereum spot ETF being approved for listing, but whales and institutions have not forgotten it. Judging from the activeness of the market volume ratio, whales and institutions are actually picking up cheap chips at the moment. There is still a lot of information about the approval of Ethereum spot ETF recently, but you haven't paid attention to this news.
Just yesterday, Gary Gensler, chairman of the US Securities and Exchange Commission, said that Ethereum ETF S1 is expected to be approved sometime this summer. Bloomberg ETF analysts: The previous prediction that the spot Ethereum ETF S-1 will be approved around July 4 may be postponed. At a budget hearing on Thursday, when Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), was directly asked whether ETH is a commodity, Gensler did not answer yes or no, but insisted on the agency's uncertain position on the asset. At the same hearing, when asked whether it is a commodity, Rostin Behnam, chairman of the Commodity Futures Trading Commission (CFTC), replied: "Yes."
Previous news, in the above hearing, the chairman of the US SEC said that he expects the S1 application for the Ethereum ETF to be approved sometime in the summer.
