ETH surges 18% on positive signals of SEC approval for Ethereum ETF

Firms looking to list and trade shares of Ethereum ETF are being asked by SEC to update and refile Form 19b-4, the documents that need the agency’s greenlight before spot ether ETFs can become effective.

Market sentiment immediately exploded in response to this positive signal. In just 6 hours, the world’s second-largest cryptocurrency surged 18% and market capitalization increased by a staggering $70 billion.

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