Now that the U.S. Securities and Exchange Commission (SEC) has approved spot Bitcoin ETFs, will it also approve the Ethereum ETF applications?
SEC Softening Toward ETFs?
Fox reporter Eleanor Terrett has claimed that the fate of Ethereum ETF applications is still up in the air as industry experts have offered contradictory opinions on the matter. BlackRock, VanEck, ARK 21Shares, Fidelity, Invesco Galaxy, Grayscale, and Hashdex are among the spot Ether ETF applicants vying for approval, and the SEC needs to decide in the next few months.
The securities watchdog recently (January 10, 2024) approved the first round of spot Bitcoin applications, which boosted the confidence of some crypto issuers who believe that the SEC is softening its stance on cryptocurrencies.
In fact, some parties who claim to have a source within the SEC seem quite confident about the approval of spot Ether ETFs.
Elaborating her findings in an X post, Terrett wrote,
“One BTC Spot ETF issuer with an ETH
We współpracy z: https://cryptodaily.co.uk/2024/01/ethereum-spot-etf-applications-where-do-they-stand
