Another accurate miss? Reversal, reversal, and reversal: The probability of Ethereum ETF approval has increased to 75%. The price has risen sharply. Are you still waiting for ETH to be accepted at 2400?
Is the familiar feeling back again?
The SEC requires exchanges to speed up the update of 19b-4 applications. They may approve these applications before the key deadline this Thursday.
It is necessary to remind and supplement that the current approval is 19b-4. If it is not passed, there will be nothing. Everyone has to reapply. Even if 19b-4 is passed, it does not mean that #ETH spot ETF will be approved, because there is still an S-1/S-3 (Grayscale) that needs to be approved, and the longest approval time for S-1/S-3 seems to be 260 days.
So even if it is approved on May 23 (May 24, Beijing time), it does not mean that the ETH spot ETF has passed. If the SEC is unwilling, then S-1/S-3 can still find problems, and even the possibility of rejection cannot be ruled out.
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