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TechFlow News, according to Fox Business reporter Eleanor Terrett, Valkyrie CIO Steven McClurg said ETH might be classified as a security and that spot Ethereum ETFs are unlikely to be approved in May.
He believes that before spot Ethereum ETFs are approved, spot LTC or spot XRP ETFs may be more likely to gain approval.
In addition, Steven McClurg predicts Bitcoin could reach $150,000 in 2024.
According to Fox Business reporter Eleanor Terrett, Valkyrie CIO Steven McClurg said ETH could be classified as a security and that approval for spot Ethereum ETFs is unlikely in May. He believes spot LTC or spot XRP ETFs may be approved before a spot Ethereum ETF. Additionally, Steven McClurg predicts Bitcoin could reach $150,000 in 2024.
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