Here’s my take on the Ethereum ETF: Broadly speaking, the SEC has three options: Approval of an ETH ETF in May or August – straightforward, with the Grayscale ruling, futures ETF approval, correlation analysis and years of precedent being treated as a commodity. Larry Fink went on TV and said he wanted the $11 billion trapped in ETH to be fully redeemed. The SEC could then draw a hard line and say it would no longer approve ETFs for other cryptocurrencies because there is no precedent for futures ETF approval for other currencies. Note that if it's August instead of May, it's probably because they need more time to get everything ready, so they'll probably ask the first in line to withdraw and resubmit, and then try their best to meet the BlackRock deadline Finish.
Hold on tight, don't fucking move, don't get out of the car, weld the car door, the emotions that have been suppressed for half a year can't be resolved in just a few days!