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Ethereum: All about ETH ETFs, Vitalik’s visions, and more

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Ethereum surged by 5% amid Bitcoin ETF excitement.
Vitalik Buterin proposed a gas limit increase for Ethereum’s network efficiency.

The cryptocurrency market experienced a surge in excitement as the Bitcoin spot ETF approval resonated across various assets. Following this, Ethereum [ETH] recorded a 5% price growth within the last 24 hours, fueled by the positive sentiment in the market.

However, what are the chances of an Ethereum ETF getting approved?

ETF saga continues

Anticipation is building around the looming deadline for Ethereum’s ETF decision, set for 23rd May with VanEck’s spot ETH ETF.

New deadline to obsess over just dropped

May 23rd is the final deadline for decision on VanEck’s spot ETH ETF pic.twitter.com/dgi5EVbPeQ

— Will (@WClementeIII) January 10, 2024

With the approval of 11 BTC ETFs, it is expected that ETH ETFs would have a sure shot at SEC’s approval. The approval is also expected to have a palpable impact on the state of ETH.

There could be also be massive accumulation of ETH prior to the approval.

Vitalik chimes in

Separately, in a recent Reddit ask-me-anything (AMA) session hosted by the Ethereum Foundation’s research team on 10th January, Vitalik Buterin brought attention to the gas limit, proposing a modest increase to enhance network throughput.

Buterin highlighted the nearly three-year period during which the gas limit remained static, suggesting that a 33% increase to around 40 million from the current 30 million could contribute to the network’s efficiency.

This adjustment aligns with Buterin’s vision for maintaining Ethereum’s technological advancement.

The proposed increase in the gas limit holds significant implications for Ethereum, as it aims to address scalability challenges

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