Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
U.S. Securities and Exchange Commission Chair Gary Gensler said that the final approvals for exchange-traded funds trading Ethereum's etherGensler told a subcommittee of the Senate Appropriations Committee in a hearing justifying the market regulator's budget that the process is going smoothly after theof a group of ETFs.
Once those filings are approved, the new ETFs can be listed, opening the wider markets to easy-to-trade funds that hold actual ether, much like the earlier establishment of bitcoin spot ETFs that hold When asked directly whether ETH is a commodity, Gensler didn't respond with a yes or no, maintaining the uncertain position his agency has held on that asset. At the same hearing, when asked whether it's a commodity, Commodity Futures Trading Commission chief Rostin Behnam responded,"Yes."in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SEC likely to deny new Ether ETFs this weekSEC likely to deny new Ether ETFs this week
Read more »
Ether ETFs Filing Process Sees Abrupt Progress, Though Approval Not Guaranteed: SourcesNikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.
Read more »
Here's how Coinbase would benefit from U.S. ether ETFs if approved, according to JMPCoinbase is poised to benefit from U.S. spot ether ETFs, if they're approved, according to JMP Securities.
Read more »
SEC approves rule change to allow creation of ether ETFsThe SEC approved a rule change that would pave the way for ETFs that buy and hold ether, one of the world’s largest cryptocurrencies. The decision comes…
Read more »
SEC approves rule change to allow creation of ether ETFsThe regulator said it will allow exchanges to list funds that buy and hold the ether cryptocurrency, following a similar move for bitcoin funds in January.
Read more »
Ether ETFs Clear Major Hurdle, Though SEC Hasn't Cleared Them for Trading YetHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Read more »