The SEC’s approval of Ethereum ETFs has sent shockwaves through the crypto world, sparking a rapid rise in the price of Ethereum and setting the stage for a transformative shift in crypto investments. The unexpected approval means these funds might start trading as early as June or July this year. Read about the unexpected political manoeuvres and market shifts that led to the swift approval of Ethereum ETFs and why this could reshape the crypto investment landscape. Rock-bottom Sentiment For Ethereum Just weeks ago, the sentiment surrounding the approval of ETH ETFs was at an all-time low. With days away from the 23 May 2024, issuers have been met with radio silence from the SEC who refused to engage with them. Suddenly, the game changed. On 20 May 2024, the SEC asked issuers to update their 19b-4 filings accelerated. The price of Ethereum climbed 20% in hours, adding $70 billion to its market cap. VanEck calls it “one of the biggest regulatory 180s in...