Ethereum

Cryptocurrency

Spot

<ul class="news-points"> 
 <li>Spot Ethereum ETF decision in 3 days</li> 
 <li>Market expects rejection, priced in?</li> 
 <li>Approval could boost Ethereum value</li> 
</ul> 
The fate of the much-anticipated Spot Ethereum (ETH) (ETF) hangs in the balance, with a decision by the SEC expected in three days. 
Cryptocurrency trader Crypto Rover, founder of <a href="https://x.com/rovercrc/status/1792452209919340682" target="_blank" rel="nofollow">CryptoSea</a>, believes the market widely anticipates a rejection of the ETF. He suggests that this bearish sentiment may already be factored into current Ethereum prices. However, Crypto Rover argues that an approval could trigger a significant price increase for Ethereum. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “In exactly 3 days we will have the Spot Ethereum ETF decision. The consensus is that they will be denied, causing this bearish scenario to be already priced in. But in case of an acceptance, ETH will pump HARD.” 
</blockquote> 
Following the SEC’s green light for 11 spot Bitcoin ETFs in January, market observers have been eagerly awaiting a similar decision for Ethereum. If approved by May 23, this would mark the launch of the first wave of Ethereum ETFs. 
However, several experts have expressed growing skepticism regarding the ETF’s approval. Bloomberg ETF analyst Eric Balchunas has significantly downgraded h…
The post <a href="https://coinedition.com/sec-to-decide-on-spot-ethereum-etf-bullish-hopes-meet-rejection-fears/">SEC to Decide on Spot Ethereum ETF: Bullish Hopes Meet Rejection Fears</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

SEC to Decide on Spot Ethereum ETF: Bullish Hopes Meet Rejection Fears

Coin Edition

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