MicroStrategy president Michael Saylor has suggested that the United States Securities and Exchange Commission (SEC) will deny listing and trading of spot Ether (ETH) exchange-traded funds. Saylor noted that the SEC will label ETH as a cryptoasset security under its regulatory authority and not as a commodity under the U.S. Commodity Futures Trading Commission (CFTC).

Saylor's comments come at a time when many experts are concerned about whether the SEC will approve the listing and trading of spot Ether ETFs on US exchanges. The first important dates for ETF applications from VanEck and ARK Invest will be May 23 and 24, respectively.

Saylor is an outspoken advocate for BTC and the leading force behind MicroStrategy's acquisition of the cryptocurrency as a reserve asset. As of April 30, the company held 214,400 BTC, worth more than $13 billion at press time.

What do you think about this? Leave your comments below and join the discussion.#blockchain#cryptocurrency#SEC#ETH