💥 On May 21, 2024, Ethereum’s price surged to $3,700 amid rising anticipation of the SEC’s decision on spot ETFs.
✅ Analysts’ Expectations: Experts believe the SEC is likely to approve applications under form 19b-4, which involves rule changes. While this doesn’t directly greenlight fund launches, it significantly boosts their likelihood.
🔍 Updates on Filings: According to CoinDesk, the SEC has requested ETF providers to revise their 19b-4 forms, signaling progress.
📈 Market Sentiment: Positive investor expectations are reflected on the Polymarket platform, where the probability of spot Ethereum ETF approval has jumped from 10–11% to over 60%.