According to Mars Finance news, Mark Yusko, founder and CEO of Morgan Creek Capital Management, said that the probability of the U.S. Securities and Exchange Commission (SEC) approving an Ethereum spot ETF this year is less than 50%. Considering the comments of SEC Chairman Gary Gensler, it seems that the US financial authorities are still keeping their distance from virtual assets. Yusco said that one reason why Ethereum spot ETFs are difficult to obtain approval is that the SEC classifies BTC as a product, but its stance on Ethereum is that of a security.
Mark Yusko: The probability of the US SEC approving an Ethereum spot ETF this year is less than 50%
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