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