16
Ethereum Forum / SEC May Deny Spot Ethereum ETF In May
« on: April 26, 2024, 05:21:39 AM »Based on some insider views and analysis, the expected approval of ETF for Ethereum will likely be denied in May and in addition nobody can definitely say when will the approval can be, just like what SEC did to Bitcoin ETFs. I can sense a good pattern here since SEC is actually an antagonist to the whole cryptocurrency industry while pretending to be a watchdog and regulator in the name of the US government.
According to this published article: "The US Securities and Exchange Commission (SEC) is expected to deny Spot Ethereum ETF approval next month, according to insiders. Indeed, a report from Reuters notes that the ongoing meetings between issuers and the SEC have dampened expectations, with rejection likely in May."
1. Do you think that eventually approval for Ethereum ETF will happen in either in 2024 the earliest and 2025 the most?
2. Do you think there will almost be the same story here...just like what happened with the Bitcoin ETF...where a court case was necessary to compel SEC for the eventual approval?