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Ethereum breaches $3,000 as ETF anticipation grows

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City AM

By Coinrule On Tuesday, Ethereum (ETH) crossed $3,000 for the first time since April 2022. Anticipation of the Ethereum spot ETF approval deadline on 23 May is one of the main catalysts. The deadline forces the SEC to decide whether or not spot Ethereum ETF products will also become available for US investors. It will also retest BlackRock’s near-undefeated ETF approval win rate of 576-1. Hester Pierce, the crypto-friendly SEC commissioner, asserted the SEC would avoid repeating the mistakes made with the Bitcoin ETF. In the case of bitcoin, it took the crypto trust Grayscale to resort to lega…

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