Ethereum ETF Doubts Cast Shadow over May Approval

Ethereum ETF Doubts Cast Shadow over May Approval
Ethereum ETF Doubts Cast Shadow over May Approval

Ethereum Spot ETFs Approval Skepticism Persists


As the May deadline approaches, skepticism persists about the approval of Ethereum Spot Exchange-Traded Funds (ETFs).

President of ETF Store Expresses Doubt

Nate Geraci, President of ETF Store, has voiced doubts about the SEC's willingness to approve the ETFs. He cites the SEC's lack of engagement with ETF issuers.

Van Eck CEO Pessimistic

Van Eck CEO Jan Van Eck, who submitted an early application for an Ethereum ETF, believes the applications will likely be rejected in May.


Despite the negative sentiment surrounding ETFs, ETH has experienced a positive uptick, revisiting $3,000 and rising by over 4% today to $3,234.

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