The postponement of ETH ETFs by the SEC sparked mixed reactions within the crypto community.At press time, Ethereum was approaching a critical resistance level at around $3538, and a breakthrough could signal the onset of a bullish phase for the largest altcoin.and James Seyffart confirmed that the SEC has set a new deadline — the 8th of July — for submission of the forms.
“Unfort think we gonna have to push back our over/under till after holiday. Sounds like SEC took extra time to get back to ppl this wk and from what I hear next wk is dead bc holiday=July 8th the process resumes and soon after that they’ll launch @JSeyff.”Needless to say, this news was not received well by the community, who echoed a sentiment similar to ETF Store presidentAs the latest trend unfolds, the crypto community is once again on edge, eagerly anticipating the approval of the ETH ETF.
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