Tron CEO Justin Sun Says Ethereum ETF Approval in May Looks Unlikely

• Tron CEO Justin Sun doubts SEC approval for an Ethereum ETF in May.
• Several market experts also share a similar stance
• Jan Van Eck noted fading optimism regarding the approval of Ethereum ETF.

Tron CEO Justin Sun expressed doubts about the Securities and Exchange Commission (SEC) approving an Ethereum exchange-traded fund (ETF) in May, suggesting that cryptocurrency regulators require “long-term education.” 

Sun addressed his 3.5 million X followers, saying, “My honest opinion (NFA) is that an Ethereum ETF won’t be approved in May. The crypto industry still needs to prepare for a long-term education with regulators, focusing on helping them understand crypto. But we’ve always been here, haven’t we?”

Furthermore, several market experts also share a similar stance, expecting the SEC to decline requests for the approval of an Ethereum ETF in May.

Sun’s remarks highlighted the SEC’s delay in deciding on various spot Ethereum ETF applications. Numerous prominent financial entities, including BlackRock and Fidelity, have submitted proposals, yet the SEC has not reached a verdict after mo…

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