Critical Decision Week Has Come for Ethereum

The US Securities and Exchange Commission (SEC) will make a critical decision for Ethereum this week.

According to the statements of ETF Store President Nate Geraci, the SEC will make a decision on spot Ethereum ETFs this week.

Before spot Ethereum ETFs can be established, the SEC must approve both 19b-4 and S-1 registrations.

Many analysts think that the SEC will not approve these applications. The SEC has not yet made a clear decision on whether Ethereum is a security or a commodity.

“It is technically possible for the SEC to approve 19b-4s and delay S-1s,” Nate Geraci said.