🪙 On May 23, the SEC will have to approve or defer several spot ETH-ETF applications.

A total of 11 funds are now awaiting approval.

Among those caught in the application is investment giant BlackRock, whose application expires on August 7.

Now a couple facts: 📈

- Of the 567 applications for BlackRock ETFs, 566 have been approved.

- Big players and investors are buying up ETH with an average entry price of ~$3000 and tweeting phrases along the lines of "We will never see spot ETH funds"

Does this raise any doubts after this that Efirium ETFs will be approved? No.

The only question is when the SEC will calm down with criminal prosecutions against the ETH sector and give approval. I guess we'll see the denouement in August.

Trade on Binnance 🤑