Bitcoin price is at $71,300, and ETH has surpassed $3,800. Crypto investors are eyeing the latest news. Several sources recently reported different breaking developments. One claimed ETH ETF approval but quickly deleted the post. However, Reuters’ latest update is quite significant.
Spot ETH ETF Approval
Reuters’ latest report mentions that the SEC’s steps make approval imminent. According to the report, the US SEC asked Nasdaq and CBOE exchanges to make corrections in Ether files on Monday. We also reported Fidelity’s recent update. Reuters confirming this sudden action by exchanges and potential issuers is extremely important.
Approval for the spot ETH ETF might be imminent as the SEC has not made any adverse statements amid this activity. Moreover, there are talks that Biden might not use his veto power regarding the crypto law. On the other hand, the 21st Century Crypto Act will be voted on in the US on Thursday.
If the spot ETH ETF approval comes as a surprise, it will likely be related to the US elections.
