Samson Mow, a prominent Bitcoin maximalist and former Chief Security Officer at Blockstream, has issued a stark warning to Ethereum holders, urging them to sell their ETH at a good price against Bitcoin while they still can. With the SEC's decision on spot Ethereum ETFs looming, Mow believes that this is the last chance for holders to cash out before the potential approval of Ethereum funds leads to a significant price drop.

Mow, who is also the CEO of Jan3, a company focused on Bitcoin adoption, has been a vocal advocate for Bitcoin, predicting that it will reach $1 million in value. In a recent tweet, he stated that he does not believe that the potential approval of Ethereum funds by the SEC is bullish, as even if approved, spot Ethereum-based ETFs will "undoubtedly massively underperform Bitcoin ETFs." He suggested that holders compare demand for both BTC and ETH in other markets and consider that Ethereum will not give staking rewards.

Mow's warning has sparked debate in the cryptocurrency community, with some agreeing with his assessment and others dismissing it as mere FUD (fear, uncertainty, and doubt). Anthony Pompliano, a Bitcoiner and VC investor, believes that a potential approval of Ethereum ETFs by the SEC would be "the last dam to be broken" before the US approves the entire cryptocurrency space.

Despite the differing opinions, it is clear that the cryptocurrency market is eagerly awaiting the SEC's decision on spot Ethereum ETFs. With Bitcoin ETFs continuing to see inflows, it remains to be seen how the market will react to the potential approval of Ethereum funds. As Samson Mow has warned, this may be the last chance for Ethereum holders to cash out at a good price.

In addition to the debate over Ethereum ETFs, the cryptocurrency market is also abuzz with news of significant transfers and price movements. Jeffrey Wilcke, one of the co-founders of Ethereum, recently transferred 10,000 ETH to the major US exchange Kraken, valued at approximately $37.38 million. This transfer is part of a series of large transactions by Wilcke, who has transferred a total of 24,300 ETH to Kraken since the beginning of 2024, totaling around $75.52 million.

The price of Ethereum has also seen significant movement, rising by more than 23% since the beginning of the week, marking the largest weekly increase since May 2021. The surge has seen the price of ETH rise to $3,780, bringing it close to an all-time high of $4,868. With the SEC's decision on spot Ethereum ETFs expected to be announced soon, the market is eagerly awaiting the outcome, which could have a significant impact on the price of ETH.

In conclusion, Samson Mow's warning to Ethereum holders has sparked significant debate in the cryptocurrency community. With the SEC's decision on spot Ethereum ETFs looming, it remains to be seen how the market will react. As Mow has warned, this may be the last chance for Ethereum holders to cash out at a good price. The cryptocurrency market is eagerly awaiting the outcome, which could have a significant impact on the price of ETH and the wider market.