SEC Will Announce Ethereum Decision This Time, According to Bloomberg Analyst

Bloomberg Intelligence ETF analyst Eric Balchunas made a prediction about when the SEC will announce its decision.

The US Securities and Exchange Commission (SEC) will make a decision today on the application filed by VanEck for a spot Ethereum ETF.

After the SEC contacted the exchanges and issuers at the beginning of the week, the idea that these applications would be approved became stronger and the Ethereum price rose 25% throughout the week.

Balchunas reminded that the SEC announced its spot Bitcoin decision at 22:45 Turkey time, and said that the decision regarding Ethereum could be announced at 23:00.

Bloomberg analyst James Seyffart said: “I agree. "The time when the SEC will announce this is unclear, but it is expected to happen after the markets close," he said.