#News# Ethereum spot ETF is about to face SEC approval decision, and is expected to become another cryptocurrency fund product recognized by the US SEC after Bitcoin. According to Bloomberg analyst Eric Balchunas, the SEC's attitude has changed dramatically, and the probability of Ethereum spot ETF approval has soared to 75%. As soon as this news came out, the crypto market was in a frenzy, and the price of Ethereum was expected to rise. In addition, the Ethereum futures ETF generated a trading volume of US$47.75 million, 40% higher than the peak of US$34.18 million set on March 5 when Ethereum approached the US$4,000 mark. The open positions of Ethereum futures contracts across the entire network reached US$15.6 billion, a record high. Major institutions have predicted that the price of Ethereum will exceed US$5,000.