In the year 2023, speculations spread regarding the anticipated approval of the Bitcoin ETF. Finally, on January 10, 2024, the long-awaited approval was granted. The market initially experienced a decline, only to be followed by an unprecedented surge. Bitcoin soared to its all-time high (ATH), while Ethereum (ETH) surpassed the $4,000 mark for the first time in a considerable period. As the spotlight shifted to the spot Ethereum ETF, the SEC made a momentous decision on May 23 by providing its initial approval. Deliberations concerning the approval date for the S-1 documents promptly ensued.
