Yu Chun Christopher Wong/S3studio/Getty Images Ethereum has jumped over the past 24 hours as odds of an imminent ETF approval have soared. Positive signs have come from the SEC, which needs to make a final decision on two proposals this week. The approval could also be a catalyst for bitcoin to hit new records, according to Standard Chartered. Ethereum rocketed 22% higher on Tuesday on surging confidence that ETFs pegged to the cryptocurrency could be approved as soon as this week.Just as was done for bitcoin in January, efforts have been underway to establish an ethereum spot exchange-traded fund, making the cryptocurrency available to a wider array of investors.