Ethereum ETFs May Be Approved Soon
SEC's Approval Date Set for May 23
Standard Chartered predicts that Ethereum ETFs could be approved as early as May 23. This news has sparked a flurry of betting activity on sites like Polymarket, where users wager on the likelihood of various events occurring. The site has attracted hundreds of millions of dollars in bets, including a significant amount on the approval of Ethereum ETFs by May 31.
Investors Eagerly Awaiting SEC Decision
Investors eager to gain exposure to Ethereum have been eagerly awaiting the SEC's approval of ETFs that track the cryptocurrency. However, the SEC has recently delayed its decision on BlackRock and Fidelity's applications for Ethereum ETFs. The SEC has requested that exchanges update their 19b-4 filings for ether ETFs, which has led to some speculation that approval may be further delayed.
Despite the delay, the Polymarket contracts still indicate a high probability that Ethereum ETFs will be approved by the end of May. The yes sides of various contracts currently hold a significant advantage, suggesting that investors remain optimistic about the SEC's eventual approval.
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