ETH continues to pass milestones, opinion: Approval of ETH ETF will bring epic victory for cryptocurrency.

Bloomberg ETF analyst reverses opinion on "ETH spot ETF approval probability at zero," now sees 75% chance of approval on 5/23, leading to Ether's single-day surge of over 20%.

ETH ETF Will Bring Epic Victory to Cryptocurrency

dForce founder Mindaoyang commented that an ETH spot ETF will bring an epic victory to the cryptocurrency, as it can clarify the following:

• ETH represents the entire cryptocurrency and is an indicator of Web3
• Ethereum is also the largest PoS network, with over 95% of projects now being PoS
• Ethereum is also the largest project to have conducted ICO fundraising
• Ethereum is the largest decentralized project with visible operators

He further described that the ETH ETF is the Web3 IPO moment, it is the encrypted QQQ Nasdaq 100 index ETF, showcasing every web3 narrative, L1/L2, DeFi, Infra infrastructure, GameFi, social, etc.

ETF issuers are rushing to submit documents, is there a chance that an Ethereum spot ETF will be approved on 5/23?