Forbes reporter Eleanor Terrett tweeted that optimism about the SEC’s approval of an ETH spot ETF before May 23 is weakening. It said that meetings in recent weeks have been largely one-sided, with issuers and custodians trying to push SEC staff to push the process, but staff did not respond in a meaningful manner as they did with the BTC spot ETF application. Way to really get involved. It heard the SEC chairman thought he had appeased the industry by approving a BTC spot ETF. Furthermore, influential anti-cryptocurrency politicians like Senator Warren are already angry about the US SEC’s approval of a BTC ETF and are rallying against the same thing happening with ETH.
Bitcoin rose on Monday as rumors that the Bank of Japan, the last bastion of ultra-low interest rates, may soon ease policy jolted Asian markets. Some Asian stock indexes fell, with Japan's Nikkei and Australia's ASX down 2% after reports that the Bank of Japan may raise its benchmark interest rate this month. This will be the first time the Bank of Japan has raised interest rates since 2007. In addition, the Bank of Japan may abandon its bond-buying program after ending its negative interest rate policy. Some analysts have long warned that the Bank of Japan is a major source of uncertainty in traditional and crypto markets.
