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Hopes For Spot Ethereum ETF Approval Ignited, BTC Breaks Through $71K

Mary Liu

Summary: According to the Bitpush Terminal data, Bitcoin stood at $71,000 for the first time since April 12, with a 24-hour increase of nearly 8%. Ethereum rose to $3,671.55, a 24-hour gain of nearly 19%. Earlier in the day, Bloomberg ETF analyst Eric Balchunas wrote that crypto-based investment tools are becoming an “increasingly politicized issue,” increasing ...

According to the Bitpush Terminal data, Bitcoin stood at $71,000 for the first time since April 12, with a 24-hour increase of nearly 8%. Ethereum rose to $3,671.55, a 24-hour gain of nearly 19%.

Earlier in the day, Bloomberg ETF analyst Eric Balchunas wrote that crypto-based investment tools are becoming an “increasingly politicized issue,” increasing the chances of the SEC approving spot Ethereum ETF 19b-4 from 25% to 75%.

Several sources revealed to Coindesk that the SEC is asking exchanges to speed up the update of the 19b-4 application for the spot Ethereum ETF, which wipes away the pessimism of the community and brings new hope for the final approval of Spot Ethereum ETFs.

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