Ethereum (ETH) price may experience volatility in the coming weeks as industry insiders provide their predictions for the SEC's approval of a spot Ethereum ETF.
Grayscale's chief legal officer says the SEC's previous engagement with Bitcoin ETFs implies that Ethereum ETFs don't need much engagement. Bloomberg analyst Eric Balchunas says he is still pessimistic about any chance of approval. SEC's probing of companies related to the Ethereum Foundation is key as May 23 deadline for the ETF approval approaches.
He stated that the Commission had constructive engagement with stakeholders in the months leading up to the spot Bitcoin ETF approval, discussing key issues like custody, creation/redemption procedures, authorized participants, liquidity providers, etc. Also read:Ethereum Foundation subpoenae threatens ETH ETF approval odds All of these issues were figured out and are identical when comparing spot Bitcoin to Ethereum ETFs.
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.
What Will Happen to ETH’s Price if the SEC Rejects All Spot Ethereum ETF Applications?Crypto Blog
Read more »
SEC delays decision on VanEck spot Ethereum ETF, asks for public commentsThe SEC is delaying its decision timeline on another spot Ethereum exchange-traded fund, the VanEck Ethereum ETF.
Read more »
Spot Ether ETF: 'No Grounds for Disapproval,' Major Expert SaysRecent SEC meeting with Grayscale, Coinbase representatives is good news for spot Ethereum (ETH) ETF enthusiasts
Read more »
Binance Chain Tokens Trends With SEC Rejection of BlackRock's Ethereum ETFeTukTuk can help you get massive returns while waiting for Ethereum ETFs
Read more »
Ethereum ETF could be in danger as pressure over SEC mountsCrypto ETFs could slow down on their success after democrat senators Jack Reed and Laphonza Butler sent a detailed letter to the US Security and Exchange Commission (SEC) chairman, Gary Gensler, asking him not to give any further approval.
Read more »
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crashing spot ETF flows ferment BTC investor sentimentFollowing the Federal Open Market Committee (FOMC) meeting and press conference on Wednesday, Bitcoin price has shown strength.
Read more »