Many friends have sent me private messages asking how I view Sun's remarks, and why Sun himself bought so much #ETH but said that the spot ETF for ETH might not pass. In fact, from the exchange rate when Sun started buying, a rate of less than 0.05 is already relatively low. Even if the spot ETF for ETH does not pass, it does not necessarily mean that buying ETH at this price will result in a loss.

As for whether the spot ETF for ETH will be approved, it is indeed uncertain at the moment. I even believe that the SEC may not have clear information internally. Recently, there have been many rumors that ETH will not be approved. I suggest that everyone can take these rumors seriously and prepare for the possibility that it may not be approved.

If it does get approved, it will be a pleasant surprise, but if not, it will be normal. Some friends have asked about DTCC's Franklin Dampf and these are not necessarily signals that will be approved. Currently, my personal opinion is still at around 50%, as there have been very few recent releases of information. Therefore, I no longer recommend that everyone leverage based on the assumption that it will definitely be approved.

However, I still believe that there may be a wave of speculation before May 23, so I hope everyone will handle it with caution.

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