ETFs has created a new paradigm for the crypto market, spurring strong demand for similar investment opportunities for other currencies as well.stated that the staff at the U.S. Securities and Exchange Commission were yet to give any comments regarding the ETFs to the asset managers.
Balchunas interpreted this as “not a good sign” since the regulator commented on Bitcoin spot ETFs previously. The analyst added that the lack of dialogue between the two parties was lowering the odds of approval each day. Moreover, the correlation between Ethereum spot and futures ETF was weaker than that of Bitcoin at press time, adding to the pessimism.Just like Bitcoin spot ETFs, asset management giants such as BlackRock and Grayscale have expressed interest in spot Ethereum ETFs.As per the research, the path to approval would be pretty much like that of Bitcoin, with the SEC dilly-dallying until eventually giving the go-ahead.Aniket is a full-time journalist at AMB Crypto.
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