Unexpected bad news! The probability of SEC approving Ethereum spot ETF is only 7%. Will Ethereum fall below 3,000?

After several months of waiting, the SEC is about to make a decision on the application of Ethereum ETF in the United States. However, according to some fund companies, this decision will be rejected because their private conversations with the SEC are no longer as frequent as before the spot Bitcoin ETF was approved in January this year.

At present, the probability of Ethereum spot ETF is only 7%. The main reason is that the SEC believes that Ethereum is similar to securities and needs to be regulated; in addition, after Ethereum changed from POW to POS equity proof, it was considered not pure enough.

However, the SEC's rejection may lead to litigation. In August last year, Grayscale Investments won the lawsuit, paving the way for the approval of Bitcoin spot ETF.

From the emotional point of view, this round of discussion about Ethereum ETF is indeed not as hot as Bitcoin at the beginning of the year. Coupled with the extremely weak trend of Ethereum in recent years, people can't help but sweat. If it is rejected on May 23, will it fall below 3,000 US dollars and cause emotional panic and bad news?

#以太坊ETF批准预期 #5月市场关键事件 $ETH

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