Grayscale's Filing for a New Ethereum Futures ETF: Potential Catalyst for an ETH Price Surge?

Grayscale has requested approval from the US SEC to convert its Ethereum Futures Trust ETF into a tradable ETF

Ethereum's price performance has been lackluster recently, with year-to-date gains falling to less than 25%

Colin Wu, the former CFO of Frog Nation, tweeted that sifu.eth is engaging in a $20 million bet against Ethereum through a derivatives trade on Kwenta

Ethereum is currently encountering resistance at the $1,500 level, and breaking through it could potentially lead to a rally, possibly reaching $1,700 or higher.