The industry push for an ether spot ETF will follow immediately after a bitcoin ETF approval since ETH has a similar market structure of a traded CME futures market and a spot market, the report said.
against the U.S. Securities and Exchange Commission last week in a court ruling that went past the Grayscale Bitcoin Trust conversion into an exchange-traded-fund , laying out unambiguous principles for regulators to evaluate spot ETF applications, broker Bernstein said in a report on Monday.
The industry will get its first spot bitcoin ETF some time between mid-October and mid-March, and approval of all spot ETF applications, including Grayscale, will happen at the same time, the report said. The asset management industry is expected to push beyond bitcoin and ether into areas including other top blockchains, such as Solana and Polygon, and even leading decentralized finance assets, the note said.is an umbrella term used for lending, trading and other financial activities carried out on a blockchain, without traditional intermediaries.
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