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What will be the market reaction to the SEC's decision on spot Ethereum ETFs?
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Resolution / Starting Odds
Significant Positive Impact • 33%
Negligible Impact • 34%
Significant Negative Impact • 33%
Market data and financial news analysis
Story
SEC Requests Accelerated Filings for Spot Ethereum ETFs Ahead of May 23rd Deadline
May 20, 2024, 08:41 PM
The U.S. Securities and Exchange Commission (SEC) has requested that exchanges expedite their 19b-4 filings for spot Ethereum ETFs. This accelerated update request indicates that the SEC might be preparing to approve these ETFs. The decision is expected to be made this week, with a deadline set for May 23rd. The approval process involves both a 19b-4 filing, which is a change in trading rules, and an S-1 registration statement. This development is significant and has led many to predict a 75% chance of approval for the Ethereum spot ETFs. Nate Geraci, President of ETF Store, commented on the SEC's decision, and the information was reported by CoinDesk, citing three people familiar with the matter.
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Similar markets
Significant increase in ETH price • 33%
Moderate increase or stable ETH price • 33%
Decrease in ETH price • 33%
Positive • 50%
Negative • 50%
Highly Positive • 25%
Somewhat Positive • 25%
Neutral • 25%
Negative • 25%
Significantly increased volume • 25%
Moderately increased volume • 25%
No significant change • 25%
Decreased volume • 25%
Significant increase in Ethereum's price • 25%
Minor increase in Ethereum's price • 25%
No significant change in price • 25%
Price decline • 25%
Only Ethereum surges • 25%
Ethereum and Bitcoin surge • 25%
Broad market surge (multiple top cryptocurrencies) • 25%
No significant change in market • 25%
Approved • 33%
Denied • 33%
Deferred • 34%
Approved as non-security • 33%
Approved as security • 33%
Rejected • 34%
Increase investments • 33%
Decrease investments • 33%
No change in investments • 34%
