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CoinGape
2024-01-12 00:00:16

Spot Ethereum ETF May See Green Light in May, Boosts ETH Price

Spot Ethereum ETF May See Green Light in May, Boosts ETH Price

The crypto market is witnessing a surge in optimism as Ethereum’s price experiences a significant boost. This rise in value is primarily linked to the anticipated approval of a spot Ethereum Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC). Bloomberg Intelligence analyst Eric Balchunas estimates a 70% chance of approval by May. The post Spot Ethereum ETF May See Green Light in May, Boosts ETH Price appeared first on CoinGape .

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