Ethereum’s market capitalization ($440B) has overtaken Mastercard’s ($427B) following renewed optimism sparked by a potential SEC approval of Ethereum exchange-traded funds (ETFs). Bloomberg analysts raised approval odds to 75% from 25%, citing a shift in SEC stance. Prices surged, with Ethereum up by 16.2% and Bitcoin hitting $71,650. Approval could occur as soon as Wednesday, per Eric Balchunas, Bloomberg’s senior ETF analyst.
