BREAKING!! Ethereum ETF Will Be SECRETLY Approved Next Month!! (100% PROOF)

BREAKING!! Ethereum ETF Will Be SECRETLY Approved Next Month!! (100% PROOF)

The Bitcoin ETF created a hype cycle for the 
crypto markets like never before. Can this  
hype continue?? Well the ETF spotlight is now on 
Ethereum for the 21st of May…Ethereum is the car  
in the race that could get the market hype going 
again. But is this just straight up hopium? Many  
people think so and a rejection is coming. So what 
are the actual chances of approval or rejection?  
Well you know we did the digging, and uncovered 
those chances…because it’s time for Chico Crypto!!
Yeah there is no doubt the Bitcoin ETF 
had a big effect on the crypto markets.  
January 10th is when the SEC approved the spot 
Bitcoin ETFs. The price of Bitcoin since those  
approvals went wild…surging from 42k all the 
way up to a peak of over 73k by March 13th,  
a surge of 74 percent in just 2 
months….making Bitcoin for the first  
time in history cross it’s previous 
all time high before the halving….
Could a hype cycle like that happen again?
Well it’s possible because Ethereum ETF 
deadlines are on the horizon for next month!!
As we can see from this list of Ethereum 
ETFs with applications to the SEC,  
there are 3 with a final deadline towards 
the end of May. There is the Vaneck Ethereum  
ETF and ARK 21Shares Ethereum ETF, 
with deadlines on May 23rd. And then  
there is the Hashdex Nasdaq Ethereum ETF 
with a deadline the next week, May 30th…
Initially why do people think there would 
be an approval? Well many of these same  
companies filed for Bitcoin ETFs and those were 
all passed on the first deadline…as we can see,  
Ark21 Shares Bitcoin ETF was the only ETF 
with a deadline January 10th, others had  
later deadlines that came in March…but 
all of them were passed on January 10th
It would make sense the SEC is going to do the  
same thing…pass all of them 
before their final deadline….
Then why is the chance of an approval 
so low?? From the prediction market,  
Polymarkets…the overall sentiment is that there is  
only an 11% chance that the Ethereum 
ETF gets approved by the end of May…
Yikes, but it’s not only the people betting 
on prediction markets where there is a low  
chance. From the world of ETF analysts 
we see a similar thing. Eric Balchunas,  
ETF analyst for bloomberg tweeted this regarding 
the probability “Regarding Eth ETF approval,  
we are holding the line at 25% odds although, to 
be honest, it is a very pessimistic 25%. The lack  
of engagement seems to be purposeful versus 
procrastination. No positive signs orintel  
anywhere you look. Personally I hope they do 
approve it but it just ain’t looking good.”
Only 25% chance? There is no engagement from the 
SEC? What does that mean?? Well this is what the  
Vaneck CEO had to say about the Ethereum ETFs 
to CNBC April 9th. Jan Van Eck said “We were  
the first to file as well for ethereum in the 
U.S., and we and [Ark Invest CEO] Cathy Wood,  
are kind of the first in line for May, I guess, 
to probably be rejected. The way the legal process  
goes is the regulators will give you comments 
on your application, and that happened for weeks  
and weeks before the bitcoin ETFs — and right now, 
pins are dropping as far as ethereum is concerned”
Yes before the Bitcoin ETFs there 
was engagement from the SEC,  
potential ETF issuers were going back and forth 
with the regulatory body making adjustments and  
amendments to their applications. This 
has not been happening this time around…
Although, this is everyone’s consensus…Craig 
Salm, the Chief Legal Officer of Grayscale  
who also has an ETF application said this on X 
“Recently, there’s been a lot of chatter about  
spot #Ethereum ETFs. I personally am not deterred 
by it and believe the ETFs should be approved.  
But right now I want to talk about how I think 
perceived “lack of SEC engagement” should  
be viewed at this point. In the final months 
leading up to #Bitcoin ETF approval, Grayscale 
and others received positive and constructive 
engagement from the SEC. We had thoughtful  
conversations and discussed the finer 
details of creation/redemption procedures,  
cash v. in-kind, APs, LPs, custody 
etc. All of these issues were  
figured out and are identical when comparing 
spot #Bitcoin to #Ethereum ETFs. The only  
difference is rather than the ETF holding 
bitcoin, it holds ether. So in many ways,  
the SEC already has engaged and issuers 
simply have less to engage on this time.”
Yes…all the ironing all the kinks have been worked 
out…there was a blueprint created for the Bitcoin  
ETF, and all these ETF issuers had to do was 
copy and pasta that blue print for Ether…there  
is no reason for back and forth…because 
their applications are already worked out….
The only thing that could hold Ethereum back for a  
disapproval is the fact that it might 
be considered a security by the SEC….
If you didn’t know…the SEC back in March decided 
to go after Ethereum. From this Coindesk article  
titled “The United States Securities and 
Exchange Commission has reportedly issued  
several subpoenas to companies related 
to attempts to label Ether as a security.
According to a March 20 Fortune report, an 
investigation by the SEC into the Ethereum  
Foundation could give the commission 
regulatory coverage to define Ether 
ETH as a security. The foundation 
suggested via GitHub that it may  
be under investigation “from a state authority.”
“Several U.S.-based companies reportedly received 
subpoenas from the SEC requesting they provide  
documents and financial records related 
to dealings with the Ethereum Foundation.  
According to people familiar with the matter, the 
commission launched a campaign to classify ETH as  
a security following the blockchain’s transition 
from proof-of-work to proof-of-stake in 2022.”
But if Gary Gensler and the SEC are going 
to go after Ethereum as a security…they are  
going to lose. Here is Gary declaring 
Ethereum as a non-security in 2018 “
He even has congress testimony that Ethereum 
is a non security. He said this in 2018 to  
the government, the house of representatives 
in a letter as well “Currently nearly 70% of  
the crypto markets’ $250 billion total 
capitalization is represented by the  
five cryptocurrencies which have either been 
designated by theSEC as not securities (Bitcoin  
and Ether). The CFTC has general anti-fraud 
and anti-manipulation authorities with regard  
to spot transactions in these crypto cash 
commodities, such as Bitcoin or Ether.”
Gary called them crypto cash commodities…that 
the CFTC has jurisdiction over…let’s just  
hear what Gary had to say after the Bitcoin 
ETF was approved regarding other ETFs…this  
time he called the non security commodities 
aka crypto cash commodities….he is saying  
non security commodities have a clear 
path to an ETF especially if the CFTC  
has jurisdiction over them…which if they 
are non security commodities, they do…
Well guess who said just last month 
they have jurisdiction over ethereum  
and it is a commodity? The CFTC. 
Chairman Rostin Benham said this…
He then made his point very clear, it’s 
a commodity as they could face legal  
repercussions if they allowed futures products and 
it wasn’t a commodity..they have a legal defense!
Yup, the CFTC has extensive legal defense to say 
Ethereum is a commodity. And let me tell you guys,  
I have a feeling soon, the SEC is 
going to officially label Ethereum  
as a commodity before the deadline, giving 
the green light to the Ethereum ETF….why??
Well just last month, Prometheum, was the first 
and only company to secure a special purpose  
broker dealer license from the US SEC, and they 
announced they would be custodying Ethereum…from  
this blockworks article on it it says “Behnam was 
referring to Prometheum’s recent announcement that  
it would launch its custody service with 
ether as its first asset. The announcement  
raised eyebrows across the crypto industry as 
onlookers speculated whether the news might  
force the SEC to take a more direct position 
on ether’s status as a security or commodity.”
And then you have Congress writing a 
letter directly to Gary March 26th,  
asking him to be direct, is Ethereum a Security 
or a commodity due to Prometheums actions??  
They say “For the reasons stated above, 
please respond in writing to the following:  
and one of the questions is: Is 
ETH a digital asset security?”
Because of this, I believe Gary is being 
forced to answer the question. And he  
isn’t going to declare ETH a security, 
but a commodity…and even Larry Fink,  
of Blackrock who has an Ether 
ETF application agrees with me.
Yup even with the whooplah, Larry believes the 
Eth ETF is coming. Cheers I’ll see you next time!

BREAKING NEWS! Everyone thinks the Ethereum ETF will be rejected but we have 100% proof that it will be secretly approved by the SEC at the end of May!! The SEC is being forced to make a decision about Ethereum’s commodity status. They will announced Ethereum is not a security but a commodity & this will give Ethereum the green light for an ETF!! Even Blackrock knows that this is the case…

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⏰ Time Stamps ⏰
00:00 Intro: The Chances for the Ethereum Spot ETF approval
00:52 How an approval could get the markets pumping again
02:42 Why is the chance of approval so low?
04:37 The bullish case for approval
06:11 Ethereum: a commodity or a security?
07:25 Gary Gensler calling ETH a non-security
09:37 CFTC claims they have jurisdiction over ETH
11:24 Prometheum secures BTC/ETH special broker-dealer license
12:06 Congress asking Gary Gensler specifically if ETH is a security
12:50 Bullish Larry Fink not worried about approval

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