Analyst: Market has priced in Ethereum ETF rejection, optimistic about approval next year

Golden Finance reports that the U.S. Securities and Exchange Commission will evaluate VanEck’s Ethereum ETF on May 23 and Ark/21 Shares and Nvidia’s earnings on May 24. March Cheng, managing partner of Bizantine Capital, said in an interview that while the market is pricing in near certainty of rejection, there are still some reasons to be optimistic. There is reason to believe that the report will provide a glimmer of hope for the delay, which should herald Ethereum's final approval next year, with applicants destaking the underlying ETH reclassified as a CFTC-backed commodity and could pave a major path forward. the way.