Michael Saylor, Executive Chairman of MicroStrategy predicts that the U.S. Securities and Exchange Commission It will deny registration and trading of the Spot Ether ETF.
Speaking at MicroStrategy’s Bitcoin For Corporations conference on May 1, Saylor said The SEC will determine ETH They are securities under the scope of supervision. and is not a commodity under the U.S. Commodity Futures Trading Commission. According to the executives MicroStrategy It includes tokens like BNB , SOL , XRP , and ADA as “unregistered securities.”
“None of these tokens will be approved Spot ETFs, none of them will be accepted by Wall Street, and none of them will be accepted by mainstream institutional investors as digital assets,” Saylor said.
Saylor’s remarks come as several experts expressed concern about whether the SEC will approve the listing and trading of the Spot Ether ETF on U.S. exchanges. The first deadline for ETF applications from VanEck and ARK Invest is today. on 23 May and 24 May, respectively
refer : cointelegraph.com
picture cryptoslate.com
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