Social media is alive with speculation that the US regulator may be warming to the idea of an ether exchanged traded fund.
Crypto prices have surged on signs of momentum toward US approval of exchange-traded funds investing directly in second-largest token ether, a shift from a more downbeat outlook as recently as last week.
The US Securities & Exchange Commission contacted at least one exchange and at least one potential spot-ether ETF issuer to update related 19b-4 filings, according to people familiar with the matter, who asked not to be identified as the matter is private. That’s a sign that odds for SEC approval may be rising, one of the people said. The dialog is an unexpected shift, but a green light is by no means guaranteed, the person added.
Bloomberg Intelligence ETF analyst Eric Balchunas said he and his colleague James Seyffart had increased the estimated probability that a spot-Ether ETF gets approved to 75 per cent from 25 per cent.
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