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Ethereum ETFs see abrupt progress: Will the approval rumors come true?
The U.S. Securities and Exchange Commission (SEC) requested an Ethereum ETF issuer to update its 19b-4 filing on May 20, leading the market Show More
The U.S. Securities and Exchange Commission (SEC) requested an Ethereum ETF issuer to update its 19b-4 filing on May 20, leading the market to speculate a possible pivot in the SEC's stance on an Ethereum ETF. Bloomberg analyst Eric Balchunas indicated that they have increased the probability of a spot Ethereum ETF approval from 25% to 75%. Spurred by the news, Ethereum's price surged from around $3,100 to over $3,600, with Bitcoin reclaiming its position above $70,000. Crypto-related stocks such as $Coinbase (COIN.US)$, $MicroStrategy (MSTR.US)$, $CleanSpark (CLSK.US)$, and $MARA Holdings (MARA.US)$ have also been caught up in the frenzy.

🎙️Discussion:
1. Do you believe a spot Ethereum ETF will be approved?
2. How have you been navigating the crypto-related stocks recently?

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