Bloomberg ETF analysts flipped the opinion that "the probability of ETH spot ETF passing is zero" and believed that the winning rate of passing on 5/23 increased to 75%, causing Ethereum to surge by more than 20% in a single day.
( Ethereum spot ETF is seeing light? Is it expected to be passed on 5/23? ETH surged 18% to $3,640 )
Various parties also continued to report good news about the adoption of ETF on the same day:
- The SEC on Monday asked Nasdaq and Chicago Board Options Exchange (CBOE) to fine-tune their applications to list ethereum spot ETFs, three people familiar with the matter told Reuters , a sign that the agency may be preparing to approve the ETFs.
- Fidelity submitted an application to amend the application to delete the ETH pledge business, which is considered to be a benefit to facilitate communication and pass the review.
An ETH ETF Will Give Cryptocurrency an Epic Win
Yang Mingdao, founder of dForce, commented that the ETH spot ETF will bring an epic victory to the cryptocurrency because it can clarify the following things:
- ETH represents the overall cryptocurrency and is a Web3 indicator
- Ethereum is also the largest PoS network, and now more than 95% of projects are PoS.
- Ethereum is also the largest ICO fund-raising project
- Ethereum is the largest decentralization, but there are projects with visible maintainers
It further describes that the ETH ETF is the Web3 IPO moment, it is the crypto QQQ (Nasdaq 100 Index ETF), showing behind every web3 narrative, L1/L2, DeFi, Infra (infrastructure), GameFi, social, etc. .
