As we all know, the Bitcoin ETF is already approved. So, do you think the next ETF for Ethereum will be approved as well? Many companies, including BlackRock, have filled the Ethereum ETF as well. I believe the line is already clear to approve the Ethereum ETF since the SEC gave green light to the Bitcoin ETF. We have noticed significant price movements on Ethereum since Bitcoin EFT was approved. I don't see any reason not to approve the Ethereum ETF as well. The deadline is May for the Ethereum ETF. We have to wait for that. What's your thoughts about Ethereum ETF?
With the approval of Bitcoin Spot ETF, I do agree that it has open the floodgates for other crypto to apply as well including Ethereum. However, the question is, how do SEC look at Ethereum? If I'm not mistaken, they have deem it as a securities? And so with that decision of SEC, it could hurt ETH or it could help it as well.
With that, it's going to be a long battle for Ethereum in my opinion. Even Bitcoin took years as well to have their first ETF approved. And so, it will be the same with ETF and there should be some entities that will really have to back it up to be able to get approval like Bitcoin. With the likes of entities like BlackRock and other big institutions that SEC has no choice but to give in with the demand.