Ethereum Price Jumps on Increased Odds of SEC Approving Ethereum ETFs
• ETH price surges over 8% to $2,600 on hopes that SEC will approve spot Ethereum ETFs soon after approving Bitcoin ETFs
• Multiple Ethereum ETF applications pending; analysts predict 70% chance of approval by May deadline
• SEC chair previously suggested Ethereum is "sufficiently decentralized" to be a commodity, not a security
• Confusion around fake SEC Twitter account tweet approving Bitcoin ETFs preceded actual approvals
• Crypto traders betting spot Ethereum ETFs will have easier path to approval than prolonged Bitcoin ETF process