Ethereum Surges on Spot ETF Optimism, Market Cap Tops $400 Billion

• ETH price surged 5% to over $3,300, driven by speculation of imminent ETF approval.
• Market optimism has pushed ETH’s market cap to $403.36 billion, a 4.98% increase in 24 hours.
• Analysts predict the ETF launch will be a major catalyst, potentially boosting ETH gains by up to 200%.

Ethereum’s price has surged more than 5%, breaking the $3,300 mark, as the market anticipates potential approval of a spot Ethereum exchange-traded fund (ETF).

CoinMarketCap data highlights this spike, reflecting the heightened excitement among traders and investors. All eyes are on the U.S. Securities and Exchange Commission (SEC) for their imminent decision on this pivotal matter.

As the SEC’s decision on spot Ethereum ETFs looms, the financial world is buzzing with anticipation. Experts predict a verdict could arrive as early as this week, with optimism running high among industry professionals.

Nate Geraci, president of the ETF Store, expressed confidence that the SEC will approve the S-1 filings this week after numerous delays since their initial acceptance in May. He asserts that issuers are ready for launch, with recent filings needing only minimal adjustments, leaving …

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