While the debate about whether Ethereum is a security or not continues, Valkyrie CIO Steven McClurg made a statement to Fox reporter Eleanor Terrett.
Referring to Ethereum, XRP, Litecoin ETF and Bitcoin in these statements, Valkyrie CIO said:
“I believe Ethereum can be a security and therefore I think the spot ETH ETF will not be approved in May.
I think it’s more likely that an LTC or XRP spot ETF will be approved before ETH.
Finally, my 2024 price prediction for Bitcoin is $150,000.”
🚨NEW: Some key takeaways from my fireside chat at @DWildcatters Empower Conference with @ValkyrieFunds CIO @stevenmcclurg:
📌He believes $ETH could be a security and the spot ETF will not get approved in May.
📌He thinks it’s more likely a $LTC or $XRP spot ETF gets approved… pic.twitter.com/6VjaBEXubL
— Eleanor Terrett (@EleanorTerrett) March 27, 2024
*This is not investment advice.
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