In three days, the Ethereum ETF will face the SEC's ruling. So is there any hope for the Ethereum ETF to pass? At present, there is little hope. Many institutions predict that the SEC will make a rejection decision.

The U.S. Securities and Exchange Commission (SEC) will decide on May 23 whether to approve the spot Ethereum ETF application submitted by VanEck, and will decide on May 24 whether to approve the spot Ethereum ETF application submitted by ArkInvest/21 Shares. However, the market believes that the U.S. SEC is very likely not to approve the two spot Ethereum ETF applications. Wintermute OTC trader Jake Ostrovskis said that the market currently believes that these ETFs have only a 16% chance of being approved by the end of May.

ETF Store President Nate Geraci said that the U.S. Securities and Exchange Commission (SEC) will make a decision on the Ethereum spot ETF this week. The U.S. SEC is likely to approve the Ethereum spot ETF 19b-4 (Exchange Rule Change) document and then slow down the approval of the S-1 (Registration Statement).

The result of the SEC's decision will determine the direction of ETH's breakthrough. If it is rejected, ETH will most likely fall below $2,800 and continue to fall. On the contrary, it will break through $3,000 and continue to rebound.

#以太坊ETF批准预期