๐Crypto enthusiasts, buckle up! Despite the naysayers, some experts are hinting at a possible surprise approval of spot Ether ETFs by the SEC. Trader Matthew Hyland has us scratching our heads, asking, "If everyone expects a denial, who's left to sell?" ๐ค
๐Ether is currently trading at $3,102, but could we see a sudden surge? Bloomberg's Eric Balchunas gives a 35% chance of approval, while the crypto community is a bit more pessimistic at 7%. But hey, in crypto, anything's possible, right? ๐
๐ฎCoinbase's David Han believes there's a 30-40% chance of approval, suggesting the upcoming US election could sway the SEC's decision. Even if the initial applications are denied, litigation could potentially overturn that decision.
๐ฌSo, what do you think? Will the SEC surprise us all? Drop your predictions in the comments! #DeFi #Web3 #CryptoNews