🔥The ETH ETFs and the SEC🔥

The #SEC delays decision on #ETF options of #Ethereum Due to Trump's victory?

The Commission has postponed its decision for the second time. It is speculated that the reason could be a change of command in the administration.

🔸Gary Gensler, chairman of the SEC, cannot be fired by #DonaldTrump

🔸His potential successors want the 'war' against the #Criptomonedas to end.

On November 8, the U.S. Securities and Exchange Commission (SEC) again delayed its decision on the approval of ETH exchange-traded funds (ETFs). This comes just 3 days after Donald Trump was elected the next president of the country.

In a published document, the SEC notes the need for additional time to review the proposal and assess the risks and implications within the market. The first rescheduling occurred in September of this year.

In total, there are four ETFs waiting: ETHW from Bitwise; ETHE and Ethereum Mini Trust from Grayscale; and ETHA from BlackRock.

Now, the key date will be in December; however, since August, when the approval applications were submitted, Bloomberg's ETF specialist, James Seyffart, has already pointed out that the wait could extend until April 2025, given that the Commission has a period of up to 240 days to decide.

We will be watching, but the pump of Ethereum seems to be coming soon. 🔥🔥🚀