Stephen Alpher is CoinDesk's managing editor for Markets. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
jumped more than 10% after two well-followed Bloomberg ETF analysts greatly upped their odds of the U.S. Securities and Exchange Commission approving spot ETH ETFs.
"James Seyffart and I are increasing our odds of spot Ether ETF approval to 75% , hearing chatter this afternoon that SEC could be doing a 180 on this , so now everyone scrambling ," The SEC this week faces a number of final deadlines on the spot ETF approvals/denials after having delayed decisions on the funds a number of times.is adding to gains alongside ETH's advance, now higher by more than 5% and just shy of the $70,000 mark. Also on the move is the Grayscale Ethereum Trust , a closed-end fund that Grayscale has proposed converting into a spot ETF.
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