SEC’s Classification of Ethereum Is Not Certain Ethereum ETF Approval

Key points:

The SEC may soon approve a spot Ethereum ETF, balancing the SEC’s classification of Ethereum as “staked ETH” while ETH is not a security.

Bloomberg analysts increased the probability of Ethereum ETF approval from 25% to 75%.

With the SEC’s decision on the VanEck Spot Ether ETF expected on May 23, the price of Ethereum surged 18% to $3,600.

The U.S. Securities and Exchange Commission (SEC) is reportedly close to a major decision on approving an Ethereum ETF, amid speculation about potential changes to the SEC’s classification of Ethereum.

SEC’s classification of Ethereum (…)