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🔽 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. $ETH #ETH #ETF

🔽 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.

$ETH #ETH #ETF

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