“Ether jumps 20% on renewed optimism for an ETF, bitcoin also rallies”
May 21, 2024
“…The rally began suddenly on Monday, amid reports that the SEC has requested key document updates from potential ETF issuers and exchanges. A spokesperson for the SEC said the agency doesn’t comment on individual filings.
Now, investors are reconsidering the likelihood that the SEC might greenlight spot ether ETF applications. The previous consensus was that the SEC would not likely approve the funds, based on the lack of engagement by the agency on the filings. By contrast, in the weeks leading up to approvals for bitcoin ETFs, the SEC was reported to be engaging actively with fund issuers…”