#ETH

The U.S. Securities and Exchange Commission (SEC) has officially approved the 19 b-4 forms of all eight spot Ethereum ETFs applied for by BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark Invest, Invesco Galaxy and Franklin Templeton, opening the door for ETH to move toward the traditional financial market.

It should be noted that although the 19 b-4 forms of the above-mentioned spot Ethereum ETFs have been approved, the ETFs still need their S-1 registration statements to take effect before they can officially start trading. Given that the SEC has just started discussions with the issuer on S-1 and it takes time for consultation and modification, it is unclear how long this process will take - Bloomberg ETF analysts speculate that it may still take a few weeks.

With the release of the SEC's announcement, the well-known prediction market Polymarket's bet on "whether the spot Ethereum ETF will be approved before May 31" also came to an end, and it was determined that it would be executed with a result of YES ("will be approved"), which means that users who chose YES will take away all the $13.22 million rewards in the bet, and on the contrary, the funds invested by those who chose NO ("will not be approved") will be reduced to zero. #新币挖矿 $BTC

In the supplementary explanation of the execution results, Polymarket stated: "According to the documents released today, the SEC has approved eight proposals to allow the listing and trading of Ethereum ETFs, and the documents also mentioned "hereby approved in an accelerated manner", so the final result of this bet will be YES.

However, this execution result has caused great controversy in the Polymarket community. #BTC走势分析

The main users who raised questions were those who chose NO. Below the bet, a large number of users were expressing their dissatisfaction with Polymarket’s execution result, and some even said that Polymarket was “manipulating the market” and they were “robbed”. #BTC #山寨币热点 $ETH