The U.S. Securities and Exchange Commission (SEC) has recently given its approval to 19b-4 listing requests from several issuers of Ethereum ETFs, indicating a noteworthy change in its stance towards the dominant altcoin. Prior to this approval, industry analysts and prominent banking institutions such as Standard Chartered had expressed skepticism regarding the likelihood of these products receiving approval. The announcement of an impending ETF approval has triggered a substantial upward trend, resulting in a three-day price surge for ETH from $3,600 to $3,900. Stay up to date with the latest technology news by accessing NEWSLINKER.
