The decision on the spot Ethereum ETF, which all cryptocurrency investors have been eagerly awaiting, has been made, and the SEC has given its approval. This Monday, the SEC's stance shifted dramatically, with Bloomberg experts increasing the approval probability from 25% to 75%. Now, according to the official announcement by the SEC, approval has been granted.
Ethereum ETF Approved
SEC has just approved the ETH ETF, clearing the way for VanEck. Now, attention turns to future decisions on other ETF applications. While it’s uncertain when approval processes will be completed for BlackRock and others, tomorrow at this time, a decision on the application made by Ark Invest is also expected. Approval for Grayscale is likely on May 30th.
We’ll likely see that other ETF applications aren’t approved immediately and ETFs don’t start trading right away. Experts have warned multiple times that S-1 form approvals might not be completed by the end of this week. While BTC finds buyers at $68,000, ETH is hovering around $3,800.