Analysts: The market has digested the rejection of the Ethereum ETF and is optimistic about approval next year
2024-05-20 07:16:17
The Securities Exchange Commission will evaluate VanEck's Ethereum ETF on May 23 and Ark/21 Shares, as well as Nvidia's earnings, on May 24. While the market pricing is close to the certainty of being rejected, there are still some reasons for optimism, said March Cheng, managing partner at Bizantine Capital, in an interview. There is reason to believe that the report will offer a glimmer of hope for the delay, which should herald final approval for Ethereum next year, with applicants de-collateralizing reclassifying the underlying ETH as a CFTC-backed commodity and could pave a major path forward.
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