Bitcoin, Ether in Stasis as SEC ETF Decision Looms, Nvidia Hits Record High

The sharp narrowing in the Grayscale Ethereum Trust's discount suggests a 90% probability of an ETF approval, one analyst said.consolidated recent gains early Thursday, lacking a clear directional bias before the U.S. Securities and Exchange Commission's decision on VanEck's spot ether ETF application, due later in the day.

The bullish positioning is likely to have stemmed from increased expectations the SEC will approve spot ether ETFs, broadening the demand for cryptocurrencies.

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