Today marks a pivotal moment for cryptocurrency investors eagerly anticipating the SEC's verdict, expected within hours. Bitcoin (BTC) is currently valued at $69,000, experiencing volatility following statements from SEC Chairman Gensler. A decline to $67,716 was triggered by disappointing service PMI data, while Ethereum (ETH) has maintained stability amidst the fluctuation.

At 23:00 Turkish time today, after the closing of US stock markets, the SEC will announce its decision on the spot Ethereum ETF. The decision is anticipated primarily for VanEck's application, though other applicants may also receive decisions if fairness is upheld, similar to January's approach. Prompt completion of filings is crucial, with recent modifications focused on expediting transaction processes. Notably, the removal of staking elements by all applicants remains a critical concern for approval.

Potential delays could prompt VanEck, Ark Invest, and potentially Grayscale (awaiting a decision on May 30) to withdraw and reapply later. Unlike Bitcoin, uncertainty surrounds ETF approval at this stage, with no definitive approval expected imminently. Any setbacks could trigger negative price fluctuations, disappointing investors.

US politicians have urged SEC approval of ETH ETF applications, complemented by instructions to Nasdaq and CBOE exchanges to fast-track updates for listing. Gensler's recent statement suggesting some altcoins may not classify as securities or investment contracts hints at a softened stance on Ethereum, potentially impacting existing Wells Notices and lawsuits.

As we navigate these critical hours in the crypto market, volatility presents both opportunities and risks for investors. It's a reminder that while volatility can lead to gains, it also carries significant uncertainty that should be carefully co

nsidered.