The U.S. Securities and Exchange Commission (SEC) has recently granted approval for 19b-4 listing requests from several issuers of Ethereum ETFs, signaling a noteworthy change in its stance towards the dominant alternative cryptocurrency. Prior to this approval, industry analysts and prominent banking institutions such as Standard Chartered had expressed skepticism about the likelihood of these products receiving the green light. The revelation that ETF approval was on the horizon sparked a substantial upward trajectory, propelling the price of ETH from $3,600 to $3,900 within a span of three days. Stay updated on the latest developments in technology news by accessing NEWSLINKER.
