Matrixport: SEC may approve spot Ethereum ETF this week, and the price of the currency may rebound

Matrixport published today's chart and said that on May 20, ETH ETF made great progress, and the SEC asked exchanges that submitted ETFs to amend their applications. Three days later, on May 23, the SEC approved the 19b-4 document, but the ETF issuer's S-1 application was still not approved, and ETH rose 20%. Due to the July 4 holiday and the long weekend, the SEC may postpone the approval until the week of July 8 (today). Matrixport pointed out that since ETH has fully reflected the positive approval sentiment, if the SEC takes action this week, ETH prices may rebound.