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The SEC has less than two months to decide on approving or denying a spot Ethereum ETF. Despite optimism, experts express concerns over the lack of positive signs and engagement from regulators. Grayscale's Chief Legal Officer believes the case for spot Ethereum ETFs is strong.
Bloomberg Senior ETF Analyst Eric Balchunas was cautious about the likelihood of spot Ether ETF approval, estimating the chances at a pessimistic 25% https://t.co/g25ENeQn6W
The $ETH ETF denied? Priced in The $ETH Foundation sued? Priced in $ETH marked as a security? Priced in At this point it's more than obvious Ethereum has taken the blow for most of the possible negative outcomes What more could happen here besides Vitalik arrested?
🚨LATEST: GRAYSCALE CLO BELIEVES ETHEREUM ETFs WILL BE APPROVED. “the SEC already has engaged” with the issuers during the application process for a spot #Bitcoin ETF.