Crypto markets have been on fire in recent weeks. Some say that they have gone up too fast and a massive correction is inevitable. Charts have been on 2017 redux as Bitcoin went parabolic again but one decision due this week could bring it all crashing back down again.
The crypto sphere is starting to express concern about the imminent decision on the VanEck exchange traded fund by the US Securities and Exchange Commission. The proposals for Bitwise and VanEck were published in the Federal Register on February 15 and 20 respectively. The regulator then has 90 days to make a decision, which for VanEck is due on Tuesday May 21.