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A response to this claim, which has spread among the cryptocurrency community due to its high number of followers, came from Bloomberg ETF analyst James Seyffart, who was particularly followed during the Bitcoin Spot ETF approval period.
Seyffart, who had previously determined the critical date for Ethereum Spot ETF approvals as May 23, did not give a chance to this claim and replied, “I bet 4 Ethereum that the approval will not come in March.”
According to Standard Chartered, ETFs may be approved on May 23. This is known as the deadline for the first batch of applications. This is notable since Bitcoin ETFs were approved on deadline. To back up its claim, Standard Chartered took a look at the SEC’s stance on ETH. The SEC has not classified ETH as a security in other filings. Additionally, the Chicago Mercantile Exchange (CME) has an ETH futures contract listed and regulated.
*This is not investment advice.
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