Cryptorank
Ethereum ETFs: A Possibility on the Horizon
SEC's Decision Awaits
The Securities and Exchange Commission (SEC) is yet to make a decision on spot ether exchange-traded fund (ETF) applications from BlackRock and Fidelity. May 23 marks the final deadline for the SEC to approve or deny these applications.
Upcoming SEC Meeting
Standard Chartered predicts that the SEC could potentially approve Ethereum ETFs on May 23. This decision would open up new investment opportunities for individuals and institutions alike.
Raoul Pal's Prediction
Noted investor Raoul Pal had previously predicted that Ethereum ETFs would be approved by December 2023, citing the upcoming Bitcoin halving event as a catalyst. The recent SEC meeting and discussions add weight to this prediction.
Conclusion
As the SEC prepares to make its final decision, the possibility of Ethereum ETFs looms on the horizon. While the May 23 deadline is approaching, the outcome remains uncertain. If approved, Ethereum ETFs could significantly bolster the cryptocurrency's adoption and market presence.
Bitcoinist
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