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$SOL Bloomberg analyst James Seyffart said that based on current precedent and demand, the SOL ETF could be approved in a few years after obtaining a CFTC-regulated futures market. Market structure bills such as FIT21 could accelerate this process. However, the SEC has made it clear that Solana is a security, which could make its ETF road very bumpy. In addition to Bitcoin and Ethereum, the SOL ETF has the greatest demand, and there is no demand for the LTC ETF, and it is not sure about DOGE. The SEC still decides the approval of all ETFs and will not approve digital asset ETFs that do not have federally regulated trading venues.
1️⃣ When will the#ETHspot ETF be announced? It will most likely be between 2am and 4am on May 24th, Beijing time, and it is possible that it will be slightly delayed to 6am.
2️⃣ Will the#ETHspot ETF be approved? Not necessarily, nothing is 100%. At present, the possibility of passing 19b-4 is very high. Ni Da believes that the probability is more than 80%, or even higher, but the probability of passing is only 50% if there is no final conclusion.
3️⃣ Before opening the Q&A, it is necessary to introduce the two key documents S-1 and 19 B-4 for whether the Ethereum spot ETF can be approved. $ETH
The 1h downward trend line has been confirmed, but the potential wedge has not been confirmed. The price has a false breakout at the POC position and has retraced to the small support level of 69100.
A gentle downward wedge is generally considered a bullish pattern. If a double bottom with shrinking volume at the end does not break, the price will start to rise again after breaking through the upper edge of the wedge, with the target being the left high point.
But if it directly falls below the lower edge of the wedge and cannot stand back, the probability of a gate will increase greatly. $BTC
SEC Chairman Gary Gensler said at an event in Washington, D.C. that he advised everyone to "stay tuned" for the upcoming Ethereum ETF decision. Although he did not reveal the specific decision, he reiterated the influence of the court's decision on the Bitcoin ETF. The SEC asked exchanges to resubmit forms supporting spot Ethereum ETF applications earlier this week, increasing the likelihood of approval. Gensler also said that the SEC will continue to oppose the cryptocurrency bill passed this week and emphasized the need for leaders in the crypto space to provide legally required disclosures. $ETH
$BTC It seems that there is no resistance above, because it does not rebound instantly like it did when it touched 56000. Now it depends on whether the dealer wants to go up.