CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-05-23 15:03:43

Analysts Suggest Possible Upside Surprise in SEC Decision on Spot Ether ETFs Despite Pessimistic Sentiment

Despite skepticism from numerous crypto analysts and the broader crypto community regarding the approval of spot Ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), some experts believe a surprise may be possible. “If by some chance the SEC decides to approve then so many will be caught severely offside,” said crypto trader Matthew Hyland to his 142,000 followers on X on May 17. He added, “If 90% of people think the ETH ETF will be denied, and the majority of those people think it will lead to a crypto crash then who will actually be selling?”

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.