Why do you think Ethereum ETF will be approved soon?

ETH surged 20% overnight, and the US SEC's attitude towards spot Ethereum ETFs reversed 180 degrees! What is going on?

1. Recently, the crypto market has once again set off waves, and the expected approval of Ethereum ETF has become the focus of the market. After the US SEC postponed the decision on Ethereum ETF many times, the market has been cautious about its prospects.

2. However, good news came from the market recently. Several spot Ethereum ETFs are expected to be approved by the US SEC from May 23 to 30, 2024. This news quickly triggered a warm response from the market, and the price of Ethereum surged 20% overnight. The approval of Ethereum ETF means that investors will be able to invest in cryptocurrencies more conveniently through traditional financial channels, which will undoubtedly greatly promote the development of Ethereum and even the entire crypto market.

3. In addition, with the continuous maturity of blockchain technology and the expansion of application scenarios, Ethereum, as a leading public chain project, has become increasingly prominent in value and prospects.

Although the road to approval of Ethereum ETF is full of twists and turns, the market is still confident in its prospects. With the popularity of digital currency and clarification of regulatory policies, Ethereum ETF is expected to become a dark horse in the crypto market.