Will the Ethereum Spot ETF be approved? The SEC's stance is crucial
Following the approval of the Bitcoin Spot ETF, market focus has shifted to the Ethereum Spot ETF. Institutions such as BlackRock and Fidelity have submitted applications, but the SEC may delay approval on the grounds that 'ETH is a security'. If approved, ETH may replicate BTC's upward trend; if rejected, a short-term correction is inevitable. Currently, the market expects only a 50% chance of approval, and investors need to prepare for both scenarios, paying attention to the final decision in May.