📈 Fueled by rising hopes for a spot #Ethereum #ETF, $ETH saw a massive spike, propelling LSDFi and #Layer 2 tokens to impressive gains! $ETH surged over 10% after Bloomberg analysts @JSeyff and @EricBalchunas boosted their predictions of #SEC approval for spot ETH ETFs to 75%.
According to the analysts, the Biden administration might be signaling a more crypto-friendly stance, thus the odds for spot Ethereum ETFs improved. This week, the SEC faces final deadlines for ETH ETF decisions.
$BTC also climbed over 5%, closing to $70,000 again. Grayscale Ethereum Trust ($ETHE) surged 23%, with its conversion proposal into a spot ETF gaining traction.
Many ETH ecosystem tokens are on the rise too. Here are the 24-hour gains:

LSDFi:
$LDO +23.8%
$REZ +21.7%
$ETHFI +19.7%
$ENA +17.4%
$PENDLE +11.5%

Layer 2:
$METIS +24.5%
$ARB +16.4%
$OP +12.8%
$STRK +13.3%
$MANTA +10.8%