The SEC's inadvertent confirmation of Ethereum as a commodity suggests a potential pathway for the approval of spot Ether ETFs shortly.The unexpected surge in Ethereum prices following the approval of a Bitcoin ETF indicates strong investor sentiment towards Ethereum.Pending Ether ETF applications from major players like Grayscale amplify the likelihood of approval in the coming months.The prospect of a spot ETF is prompting various analysts and AI models to predict Ethereum reaching $10,000 within the next five years. May 23rd, 2024, is highlighted as a crucial date, possibly representing the closest deadline for the approval of an Ethereum ETF .Learn more
The SEC's inadvertent confirmation of Ethereum as a commodity suggests a potential pathway for the approval of spot Ether ETFs shortly.The unexpected surge in Ethereum prices following the approval of a Bitcoin ETF indicates strong investor sentiment towards Ethereum.Pending Ether ETF applications from major players like Grayscale amplify the likelihood of approval in the coming months.The prospect of a spot ETF is prompting various analysts and AI models to predict Ethereum reaching $10,000 within the next five years. May 23rd, 2024, is highlighted as a crucial date, possibly representing the closest deadline for the approval of an Ethereum ETF .Learn more