TechFlow news, Matrixport released a chart today stating that on May 20, ETH ETFs made significant progress as the SEC requested exchanges to submit modifications to their applications. Three days later, on May 23, the SEC approved the 19b-4 filings, although the S-1 applications from ETF issuers have not yet been approved, after which ETH rose by 20%.
Due to the July 4 holiday and extended weekend, the SEC may delay approval until this week, July 8 (today). Matrixport指出，由于ETH已经 fully priced in positive sentiment regarding approval, if the SEC takes action this week, ETH prices could experience a rebound.
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