- Grayscale’s CLO reiterated the SEC’s strong case for Ether ETF approval.
- Commodity futures also suggested potential for spot Ether ETF approval.
2024 has been a significant year for the cryptocurrency market, marked by strong recovery in prices and investor confidence.
With the success of Bitcoin [BTC] ETFs, attention has turned to the possibility of an Ethereum [ETH] ETF.
However, while optimism surrounding an Ethereum ETF approval is high, several factors suggested that caution may be warranted.
Craig Salm, Grayscale’s chief legal officer, has provided clarity, asserting SEC’s strong case for approval. He noted,
“Perhaps I will feel differently as we get closer to final approve/deny dates in late May 2024, but at this point, I don’t think perceived lack of engagement from regulators should be indicative of one outcome or another.”
The growing speculation
Salm further outlined that issues related to spot Ethereum ETFs were largely addressed before spot Bitcoin ETFs were approved. He emphasized,
“All of these issues were figured out and are identical when comparing spot #Bitcoin to #Ethereum ETFs. The only difference is rather than the ETF holding bitcoin, it holds ether.”
He further added,
“So in many ways, the SEC already has engaged and issuers simply have less to engage on this time.”
However, integrating staking into spot Ether ETFs may pose additional challenges for applicants like Ark 21Shares, Fidelity, and Franklin Templeton.
Contrary to the optimism, Bloomberg analyst Eric Balchunas commented,
“We are holding the line at 25% odds altho tbh it is a very pessimistic 25%. The lack of engagement seems to be purposeful vs procrastination.”
He further noted,
“No positive signs/intel anywhere you look. Personally hope they do approve it but it just ain’t looking good.”
What lies ahead of Ether ETFs?
Salm also suggested that the recent approval of Ether Futures ETFs, classified as commodity futures, could pave the way for spot Ether ETFs.
This sentiment was echoed by other industry experts, including Coinbase’s Paul Grewal and former CFTC commissioner Brian Quintenz.
Thus, with a range of prominent applicants such as BlackRock, VanEck, and Fidelity, awaiting SEC approval for spot Ether ETFs, the decision deadline for VanEck’s application is eagerly anticipated.
where buy cheap clomid price buy cheap clomid no prescription where to get clomid pill clomiphene for sale uk can you buy generic clomiphene pills how can i get clomiphene without prescription can you get generic clomid online
More posts like this would persuade the online play more useful.
This is the gentle of criticism I truly appreciate.
buy cheap zithromax – buy tinidazole without a prescription buy flagyl 400mg online cheap
buy domperidone 10mg – buy motilium sale cost cyclobenzaprine 15mg
order amoxil without prescription – where can i buy amoxicillin purchase combivent pill
generic augmentin – https://atbioinfo.com/ ampicillin antibiotic online
nexium 20mg price – nexiumtous nexium us
warfarin 2mg over the counter – https://coumamide.com/ buy cozaar paypal
meloxicam order online – tenderness meloxicam order online
deltasone 40mg for sale – aprep lson deltasone 10mg price
best ed pills non prescription – fast ed to take site buy ed pills cheap
fluconazole 100mg for sale – https://gpdifluca.com/# diflucan 200mg oral
cenforce 50mg cost – cenforce order cenforce 100mg price
usa peptides tadalafil – ciltad genesis cialis premature ejaculation
cialis price walgreens – https://strongtadafl.com/ cialis directions
ranitidine us – this buy ranitidine pill
cheap herbal viagra pills – https://strongvpls.com/# sildenafil oral jelly 100mg
Greetings! Very serviceable advice within this article! It’s the petty changes which liking make the largest changes. Thanks a quantity quest of sharing! accutane para dormir
Thanks recompense sharing. It’s first quality. https://buyfastonl.com/
Greetings! Jolly gainful suggestion within this article! It’s the scarcely changes which wish obtain the largest changes. Thanks a a quantity towards sharing! https://ursxdol.com/get-cialis-professional/
Thanks on putting this up. It’s well done. https://prohnrg.com/product/acyclovir-pills/
This website absolutely has all of the tidings and facts I needed adjacent to this thesis and didn’t know who to ask. https://aranitidine.com/fr/lasix_en_ligne_achat/
I’ll certainly carry back to review more. https://ondactone.com/simvastatin/
This website positively has all of the tidings and facts I needed there this participant and didn’t positive who to ask.
mobic medication
order dapagliflozin 10mg generic – buy forxiga 10 mg order forxiga pills
cost orlistat – buy generic orlistat for sale orlistat cost
I am actually enchant‚e ‘ to glitter at this blog posts which consists of tons of profitable facts, thanks towards providing such data. http://seafishzone.com/home.php?mod=space&uid=2331131