Many industry pundits speculate the SEC’s sudden change of pace on spot Ether ETFs could be a result of increased political pressure.
Crypto bulls are seemingly back in full force after speculation that an approved spot Ether (ETH) exchange-traded fund is more likely than ever.
It comes amid reports that the Securities and Exchange Commission has U-turned on spot Ether ETFs — possibly due to political pressure — with reports stating it has asked ETF exchanges to update their 19b-4 filings.
Ether’s price has pumped 19.4% over the last 24 hours and is now trading at $3,685 — its highest price since April 9, according to CoinGecko.
