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All cryptocurrency investors eagerly awaited the spot Ethereum ETF decision, and the SEC has given its approval. This Monday, the SEC’s stance changed dramatically, and Bloomberg experts raised the approval probability from 25% to 75%. Now, according to the official announcement by the SEC, the approval has been granted.
Ethereum ETF Approved
The SEC has just approved the ETH ETF, and the process for VanEck is now completed. Next up are decisions on other ETF applications. Although it is uncertain when the approval process for BlackRock and others will be completed, the decision on Ark Invest’s application is expected to be announced around this time tomorrow. Approval for Grayscale is likely on May 30.
We will likely see that other ETF applications are not immediately approved and that ETFs do not start trading right away. Experts have repeatedly warned that S-1 form approvals might not be completed this week. While BTC finds buyers at $68,000, ETH lingers around $3,800. Bloomberg’s Jamer
