🔽 SEC Dump Ethereum
Ethereum's 4% drop eliminated $237 million Long positions.
This comes after Grayscale's decision on May 7 to withdraw its application for the Ethereum futures ETF, just three weeks before the SEC will make a decision.
There are also rumors now that
ETH may be classified as a security.
📊 According to crypto forecasting platform Polymarket, 92% of participants believe that Ethereum spot ETFs will be rejected.
