Ethereum

While many companies are applying for a spot Ethereum ETF, the time for the SEC to make a final decision on two applications is running out.
At this point, the SEC has until May 23 and May 24 to decide whether to approve spot ETH ETF applications submitted by VanEck and ArkInvest/21 Shares.
While analysts and investors believe the chances of the SEC approving spot ETH ETFs are slim to none, ETH option traders are also bracing for increased volatility in late May due to the strong possibility the SEC will reject ETF applications.
Speaking to The Block, Wintermute OTC analyst Jake Ostrovskis said the market and investors believe ETH ETFs have a 16% chance of being approved by the end of May and expect ETH price volatility to increase at the end of the month.
While the SEC is more likely to reject ETF applications than to approve them, investors are actually more curious about the SEC's reason for not approving ETH ETFs.
Because the SEC's statement is important in determining whether ETH will be classified as a security or a commodity.
At this point, Presto Research analysts Peter Chung and Min Jung said the following about ETH:
<blockquote>
 “Market analysts noticed a clue in one of the SEC's documents suggesting possible grounds for potential rejection.
 “These documents support the notion that the SEC made its decision on Ethereum's status well in advance and sought to later legitimize that decision with the ETF decision.”
</blockquote>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/option-traders-are-preparing-for-month-end-for-ethereum/" rel="noopener noreferrer nofollow">Option Traders Are Preparing for Month End for Ethereum!</a>

Option Traders Are Preparing for Month End for Ethereum!

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