Why did the SEC suddenly reverse❓
As analyst Eric Balchunas said, politics is the main factor
Both Biden and Trump have publicly expressed strong support
The SEC faces deadlines of May 23 and May 24 to make decisions on VanEck and ARK's Ethereum ETF applications respectively
Another time point that deserves the most attention is August. August 3 is the deadline for Fidelity's Ethereum ETF, and August 7 is the deadline for BlackRock's Ethereum ETF.
