- is their a sizeable chance that the SEC will REJECT the currently much vaunted ETF applications for ETH?
If so we should see a drop in shitcoins while all POW blockchains continue to rise in value - which would bring me much joy.
ETH will likely be approved. Not sure why obviously a security. Gensler also said BTC ETH BCH AND LTC are not securities in the past
I recall being convinced by a conversation I read on here last year that sec will approve Eth even tho not commodity- simply because their friends hold a ton. It’s illogical to approve it but there will be no talk about the logic. Just an announcement. I’m just repeating heresay. But fyiw I remain convinced.
It will go like this. Rumors that an ETH ETF is coming. Market pumps. The rumos is retracted. (market dumps) Insider scoop says it's happening. pump. No, his account was hacked! dump. etc etc etc.
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