š Heads up, crypto enthusiasts! Galaxy Research's Alex Thorn speculates a possible SEC loophole for spot Ethereum ETFs. He suggests a distinction between 'ETH' and 'staked ETH' could be the key. šļø
š¹ Thorn believes the SEC could classify 'staked ETH' as a security, paving the way for spot Ethereum ETFs approval.
š¹ This move could align with the SEC's ongoing legal battles and investigations, maintaining consistency with previous positions.
š¹ However, there might be restrictions - ETFs could be prohibited from staking the ETH they hold.
Bloomberg Intelligence ETF analysts have upped their prediction for a spot Ether ETF approval from 25% to 75%. š
š¹ The SEC's increased pace could be influenced by political pressure.
š¹ The decision on the VanEck spot Ether ETF is anticipated on May 23.
Ethereum's value has surged by over 20% following this news. š
What are your thoughts on this? Let's discuss in the comments! #ETH #ETF #SEC #CryptoNews