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.”
*This is not investment advice.