SEC May Deny Spot Ethereum ETF In May

[MrSpasybo]

In the context of the topic, rumors spread yesterday or before about the approval of a Spot Ethereum ETF, which had major positive effects on the market, as Ethereum rose to exceed $4,000, and Bitcoin also surpassed 71K$ before falling again.

Until now, the news is still not officially confirmed, but I believe that the possibility of approval is very close. Most likely, the Bitcoin ETF scenario will be repeated, as it was initially rejected, then approval was obtained after pressure from large companies.

Everything is changing so fast and now there is a high possibility that we will have ETH Spot ETF soon. Perhaps the financial strength of crypto companies has made President Biden realize that he was on the wrong side when he opposed crypto, Biden wants to change and do something significant to let everyone know that he is not against the crypto market in the US. It's really exciting when crypto becomes the focus of this presidential election!

Right now, I don't think the SEC will dare to reject ETH Spot ETF, if that happens it would be the last surprise Gary Gensler could bring to the crypto market. I'm looking forward to the bullrun and altseason, I hope the ETH Spot ETF will be approved soon and trigger excitement and FOMO in the market

[yhiaali3]

Everything is changing so fast and now there is a high possibility that we will have ETH Spot ETF soon. Perhaps the financial strength of crypto companies has made President Biden realize that he was on the wrong side when he opposed crypto, Biden wants to change and do something significant to let everyone know that he is not against the crypto market in the US. It's really exciting when crypto becomes the focus of this presidential election!

Yes, this is absolutely true. It seems that things will change quickly today. I heard news on social media that there will be a vote today in the United States on a bill to reform the structure of the cryptocurrency market, and the news leaks coming say that there are hints from the White House that President Biden will not use his veto power to veto the law.

If the news is true, we will see a new and different approach to cryptocurrencies in the United States.

[bitterguy28]

it looks like it will be the same story between BTC and ETH, it will be approved but it needs drama and because of this drama the value of ETH will be difficult to reach a new ATH this season, and I'm sure EFT will agree but in early 2025

If the Ethereum ETF is accepted in 2025, cryptocurrency price movements will be in line with last year's halving predictions, just like this year. The bull run and altcoin season will occur one year after the halving occurs. Hopefully this prediction will come true and can provide fresh air for holders. altcoins are stuck at high prices.

how sure you are if this will happen? remember that it is not ethereum that will tell the market to grow but the Bitcoin so try not to listen to others but look for the market attitude over the years.
we are all sure that if the ETF approval for ethereum will be happening then that is the point where ethereum will grow  but that is not to follow all altcoins.