In a sudden change of events over the last few days, the swathe of prospective Ethereum ETFs is now widely anticipated to have a good chance of being approved in the near term — potentially even today.

The events have unfolded very differently from the Bitcoin ETF approvals, with the rapid turnaround causing speculation that political intervention may have intervened at the last minute. Either way, it’s now a considerable possibility that these products might get approved shortly.

Here’s a summary of how we got to this point and how it could play out.

How did we get here?

There were weeks of positive signs leading up to the approval of the Bitcoin ETFs. The main point was that the U.S. Securities and Exchange Commission was engaging with issuers on their applications, sending feedback …