In a wild series of events, hopes for a spot in ethereum ETF surged seemingly out of nowhere. In the afternoon of May 20, Bloomberg ETF analyst Eric Balchunas posted on X, noting that he is raising his odds of a spot ethereum ETF approval from 25% to 75% after "hearing chatter this afternoon that SEC could be doing a 180". The price of ethereum spiked almost instantly, going from less than $3,100 to over $3,800 in less than 24 hours. Don't Miss: If you invested $100 in DOGE when Elon Musk first