Ethereum surges on hopes of spot ETF approval

Ethereum (ETH-USD) prices are surging as investors' hopes for the approval of a spot ether ETF rise. Bitwise Asset Management CIO Matt Hougan joins Market Domination to discuss his outlook on ethereum ETF approvals.
Hougan expresses confidence, stating that the odds for a spot ether ETF approval "is up above 80% before the end of the year." While not a guarantee, he notes that "it looks a lot more likely than it did," fueling optimism and driving ethereum's price surge in today's trading session.
When asked about the possibility of a lawsuit for a spot ether approval, Hougan believes "it looks like common sense might prevail." He points out that spot bitcoin ETFs and future ETFs already exist, and since ethereum future ETFs are available, there is a likely chance that a spot ether ETF will materialize.
Addressing concerns about Securities and Exchange Commission approval, Hougan states, "It looks like Washington has gotten the message that crypto is good for America and that it's popular with American voters, and I think that's trickling through into different parts of policy."

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