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Will a Spot $ETH ETF be approved in May?
The way I see ETF stuff here: broadly, the SEC has 3 options: 1) approve ETH ETF either in May or August -- straightforward, there is strong precedent with Grayscale ruling + futures ETF approval + correlation analysis + years of being treated as a commodity. Larry Fink on TV…
Bitcoin spot ETFs hold nearly $60 billion in bitcoins, over 4% of total supply. Based on this figure, an Ethereum spot ETF could result in financial institutions controlling over 50% of staked Ether, posing a risk to Ethereum, as explored in this note: https://t.co/Kf3IRs5TK5. https://t.co/J5ptwdLmOg
The SEC is facing pressure to approve a spot ETH ETF, with market potential seen as significant. The debate centers around the size and implications of an Ethereum spot ETF compared to Bitcoin spot ETFs, with concerns raised about financial institutions controlling a significant portion of staked Ether.