Against all odds, the SEC has indirectly recognized ether as a commodity, opening the door to spot ether ETFs. Bloomberg analyst James Seifgart predicts that approval is on the way — probably by the end of May.
📊 Key points:
Ether Is Perceived As a Commodity: The SEC has recognized ether, which makes spot ether ETFs closer to approval.
Approval window in May: According to the analyst, the deadline for submitting applications (May 23 and 24) they indicate a possible approval by the end of the month.
Timing Between Approval and Launch: There is no clear timeline, but the SEC approval process could be the key to a quick or delayed launch of an ETF.
What Awaits Us:
Financial Boom: The approval of spot bitcoin ETFs can lead to a flow of funds in the billions of dollars on the first day and in the long term.
International Interest: Major players such as BlackRock may be the first to add ETFs to their portfolios.
Time Uncertainty: The timing between approval and launch remains unclear, but enthusiasm on the first day is expected.
Make a Wish for a Successful Year and Expect an Investment Boom in the world of cryptocurrencies! 🚀💼🌐