ETHE - Research Firm Boosts Ethereum Spot ETF Approval Probability To 90%: But Will It Be A 'Sell The News' Event? | Benzinga
Cryptocurrency research firm 10x Research raised the chances of the SEC greenlighting the Ethereum (CRYTO: ETH) spot ETF later today to 90%.
What Happened: In its latest newsletter, 10x Research deemed the approval a "formality". It noted that an X post by SEC Chair Gary Gensler cautioning investors of potential risks–similar to the one before the approval of Bitcoin (CRYPTO: BTC) ETFs in January–could come around 9 a.m. EDT. This is typically a sign of the approval being immediate.
90%+ Probability An #Ethereum ETF Approval Today, Sell The News? https://t.co/sxzXZKrVLH pic.twitter.com/aMQ1JpaIqX — 10x Research (@10x_Research) May 23, 2024
The analytics platform highlighted that the ...