The SEC approved the Bitcoin Spot ETF after years of rejections. Many feel this is opening the door for other approvals.
In this video I discuss how the idea of a quick approval on an Ethereum Sport ETF might not be forthcoming. JPM is even giving it only a 50/50 chance of taking place by May.
▶️ 3Speak
From what I've learned with the BTC ETF fiasco, the ETH ETF approval rests on whether the big corporations have already finished positioning for it. If they have already bought enough assets. ETH is already too big for them to not consider an ETF of it. What I wonder is, where will the other investors money go once it gets approved. Once BTC ETFs were approved, I felt like a lot of investors started accumulating ETH.