A crucial verdict on Ethereum’s ETF is on the horizon, set to be announced on May 23. The consensus among almost all knowledgeable individuals is that the Securities and Exchange Commission (SEC) is unlikely to grant approval for the spot Ether ETF in the upcoming month. This sentiment is reinforced by the current price decline, with Ethereum plummeting below the $4,000 mark, indicating the market’s anticipation of this unfavorable outcome. Anbessa emphasized that the decision to either approve or reject the potential ETH ETF holds the potential to act as a significant catalyst.
