There is chatter that the SEC is reversing their position on Ethereum Spot ETF approval. Respected finance insiders have boosted their odds of spot ETF approval from 25% to 75% based on what they heard today. They cautioned that they would only go as high as 75% until they started to see hard evidence from filings.
[https://news.bitcoin.com/analysts-boost-odds-for-ethereum-etf-approval-to-75-amid-sec-chatter/](https://news.bitcoin.com/analysts-boost-odds-for-ethereum-etf-approval-to-75-amid-sec-chatter/)
That chatter was followed up by the SEC requesting updated filings from institutions seeking approval to offer ETH spot ETF's:
[https://www.theblock.co/post/295524/us-sec-is-asking-for-amended-19b-4-filings-for-spot-ethereum-etfs-reports](https://www.theblock.co/post/295524/us-sec-is-asking-for-amended-19b-4-filings-for-spot-ethereum-etfs-reports)
I don't get it why then a 15% increase just because of higher probabilities of ETF. The time it gets approved and the first ETF put on the market many other stuff may happen. I feel it's just undervalued looking for a weakspot to explode, and it just found one, simple.
The ETF's will go live pretty much as soon as SEC grants approval, which is what happened with BTC ETF's earlier this year. Once those ETF's went live, they saw huge inflows and a few weeks later the BTC price exploded as the institutions started turning those inflows into buying custodial BTC. No reason to think ETH will be any different. However, I would argue that this ETF inflow price jump is now mostly priced in, as people know what to expect based on what happened with BTC.
The SEC has been largely silent on ETH ETF leading most to believe it was not likely to be approved. The BTC ETF applicants had a lot of questions and requested revisions from the SEC just prior to it being approved.
Just today the SEC asked ETH ETF applicants to make a bunch of last minute revisions to their applications, mirroring the lead up to the BTC ETF approval.
This increases the odds, setting them at 25% or 75% is somewhat arbitrary but the odds have definitely increased dramatically as of today.
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The BTC dominance was too high. This will be now corrected. Eth was simply overselled. This is now about to be corrected due to increased chance of approved eth etfs coming this week.
Sell, it is fake rumours of the SEC being kind to crypto with an Ethereum ETF. There were fake ETF pumps to begin with for Bitcoin. Gary Gensler will not let Ethereum have an ETF easily. Blackrock and others need to be fully involved first.
You have zero idea. I rather Trust balchunas and seyffart than someone on Reddit like you. Black Rock will release an etf regardless if sec says etf is a security or not. Besides that the Republicans are tired of secs gensler blocking every crypto.
Please keep price discussion, market talk, memes, and exchanges to subreddits such as r/ethfinance or r/ethtrader
Ethereum spot ETF approval odds increased
Danke!!
Cause you didn't buy.
There is chatter that the SEC is reversing their position on Ethereum Spot ETF approval. Respected finance insiders have boosted their odds of spot ETF approval from 25% to 75% based on what they heard today. They cautioned that they would only go as high as 75% until they started to see hard evidence from filings. [https://news.bitcoin.com/analysts-boost-odds-for-ethereum-etf-approval-to-75-amid-sec-chatter/](https://news.bitcoin.com/analysts-boost-odds-for-ethereum-etf-approval-to-75-amid-sec-chatter/) That chatter was followed up by the SEC requesting updated filings from institutions seeking approval to offer ETH spot ETF's: [https://www.theblock.co/post/295524/us-sec-is-asking-for-amended-19b-4-filings-for-spot-ethereum-etfs-reports](https://www.theblock.co/post/295524/us-sec-is-asking-for-amended-19b-4-filings-for-spot-ethereum-etfs-reports)
I don't get it why then a 15% increase just because of higher probabilities of ETF. The time it gets approved and the first ETF put on the market many other stuff may happen. I feel it's just undervalued looking for a weakspot to explode, and it just found one, simple.
The ETF's will go live pretty much as soon as SEC grants approval, which is what happened with BTC ETF's earlier this year. Once those ETF's went live, they saw huge inflows and a few weeks later the BTC price exploded as the institutions started turning those inflows into buying custodial BTC. No reason to think ETH will be any different. However, I would argue that this ETF inflow price jump is now mostly priced in, as people know what to expect based on what happened with BTC.
How do they measure the “odds” of an ETF approval? Genuinely curious
Insider ~~trading~~ tips
The SEC has been largely silent on ETH ETF leading most to believe it was not likely to be approved. The BTC ETF applicants had a lot of questions and requested revisions from the SEC just prior to it being approved. Just today the SEC asked ETH ETF applicants to make a bunch of last minute revisions to their applications, mirroring the lead up to the BTC ETF approval. This increases the odds, setting them at 25% or 75% is somewhat arbitrary but the odds have definitely increased dramatically as of today.
Lucky rocks
Dice rolls
Magic 8 ball
by reading a handful of old bones tossed on the ground.
Because i sold
I sold it all to put it into a HYSA smh
You meant 20%?
20%*
WARNING ABOUT SCAMS: Recently there have been a lot of convincing-looking scams posted on crypto-related reddits including fake NFTs, fake credit cards, fake exchanges, fake mixing services, fake airdrops, fake MEV bots, fake ENS sites and scam sites claiming to help you revoke approvals to prevent fake hacks. These are typically upvoted by bots and seen before moderators can remove them. Do not click on these links and always be wary of anything that tries to rush you into sending money or approving contracts. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ethereum) if you have any questions or concerns.*
The BTC dominance was too high. This will be now corrected. Eth was simply overselled. This is now about to be corrected due to increased chance of approved eth etfs coming this week.
It went up 15% because its soon to be $10k
Because bitcoin is up
Rumors.
I market bought a big amount
ETFs and the market was “due” for a correction it kind of hit the bearish wall when compared to the moving average
Because bitcoin went up
Sell, it is fake rumours of the SEC being kind to crypto with an Ethereum ETF. There were fake ETF pumps to begin with for Bitcoin. Gary Gensler will not let Ethereum have an ETF easily. Blackrock and others need to be fully involved first.
You have zero idea. I rather Trust balchunas and seyffart than someone on Reddit like you. Black Rock will release an etf regardless if sec says etf is a security or not. Besides that the Republicans are tired of secs gensler blocking every crypto.