ETH as security doesn’t necessarily mean a denial of the Ethereum ETF

Many “experts” see a denial of the Ethereum ETF.

Their main argument: The SEC sees ETH not as commodity, but as security.

But this is not a reason to deny the ETH ETF. There are 2 crypto “futures ETFs” already:

1) The main OG coin futures ETF

2) Ethereum futures ETF

Futures are far more risky than Spot ETFs. Because the ETH futures ETF already exists, the chances of a Spot ETH ETF to be approved isn’t zero.

To you remember the week before official approval of the OG coin ETF?

one (quite unknown) source states that the OG coin ETF were to be denied

days later the SEC’s twitter account got “hacked”, tweeting the approval

hours later the real SEC tweeted they got hacked

Prices went wild, crypto is volatile yes…but on every of these news – fake or not – prices went up or down until the official announcement of the approval came.

On 23th May 2024, the decision on the Ethereum ETF will be made. Expect fake news to spread. Also expect both outcomes, even if markets priced in the denial.