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TD Cowen said that after the approval of Bitcoin ETFs, it is possible to experience a delay in Ethereum ETFs.
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The wait will be shorter than it was for BTC ETF; the scheduled date for approval is May 2024.
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The spot ETF in Bitcoin, Ethereum, and other cryptocurrencies can impact the presidential election scheduled for 2024.
TD Cowen Washington Research Group, managed by Jaret Seiberg, expressed its view on the approval of the ETH ETF earlier this week. The board said that they do not expect the SEC to approve ETFs for other crypto tokens anytime soon. The agency will try to gain experience and exposure from the BTC ETFs of various applicants.
The Ethereum ETFs
The spot Ethereum Exchange-traded funds (ETFs) have gained excess popularity after the approval of Bitcoin ETFs on January 10, 2024. It took 26 months for Bitcoins to get ETF approval from all the major applicants, including asset management companies.
The spot bitcoin ETF got
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