Sarah Morton is Chief Strategy Officer and Co-founder of MeetAmi Innovations Inc.
After the successful launches of the spot bitcoin ETFs in the US, the next question is whether ether ETFs will be approved, with a May SEC decision looming., the company's general counsel, discuss the considerations of such an approval and present the case that it’s likely when not if.
Spot ETH ETFs will remain a topic of conversation for the markets as we approach May 23 and the next few quarters if they are not approved by then. Let’s explore what the main arguments for and against approval are.Over the past few weeks, the market has been trending toward expecting the SEC not to approve a spot ETH ETF at the end of May. This line of argument hinges on a few points.
In addition, a denial would likely be met with litigation from the applicants, and there is strong evidence that the issuers would have a strong case. The spot BTC ETF approval hinged on the high correlation between the spot BTC and CME BTC futures markets According to analyses byThe spot BTC ETF approval in January did not come by a wide margin. Two of the five SEC commissioners voted in favor, two against, and Chair Garry Gensler tipped the scale.
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