LSD racetrack token rises: ETHFI 24-hour increase of 23.59%
Bitget market data shows that LSD track tokens are rising, including:
PENDLE has increased by 21.92% in the last 24 hours, currently priced at $5.99;
ETHFI has increased by 23.59% in the last 24 hours, currently priced at $3.99;
LDO has increased by 21.37% in the last 24 hours, currently priced at $2.08.
Public market information reveals that CoinDesk reports the U.S SEC is urging trading platforms to expedite updates on spot Ethereum ETF's form 19B-4, indicating a possible approval of Ethereum ETF on May 31st. Additionally, after hearing rumors about a potentially more favorable stance from The Securities and Exchange Commission (SEC), Bloomberg Intelligence ETF analysts Eric Balchunas and James Seyffart have raised the chances of spot Ethereum ETF getting approved from 25% to75%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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