Ethereum ETF’s ‘25% odds’ – SEC wants to ‘get it right,’ but at what cost?

The development has rattled several U.S. companies, which have been summoned as part of the SEC’s investigation, and has cast doubt on the prospects of Ethereum exchange-traded funds gaining approval.

“It isn’t rooted in being btc lover or eth hater it’s simply wanting to get it right, which we have decent record of.”Amid regulatory complexities, Balchunas pointed to a key issue – the apparent disconnect between U.S. regulators and potential issuers such as BlackRock, 21 Shares, and ARK Invest. “@JSeyff has great note out today explaining our 25% odds, i love this timeline comparison chart. Btc spot comments from SEC came 91 days bf final deadline. We curr 65 days away with eth etf deadline. Tick tock..”Consequently, Ethereum’s native currency, ETH, has experienced a significant decline of up to 6% as investors brace for potential challenges ahead.

“ETHBTC strength likely starts the second we get some real headway on ETFs and not a second before. Save your ammo until then and blacklist that ticker.”“I do think this relates to the ETF, along with CB/Binance enforcement actions. The SEC has been in an untenable position for some time with its position on ETH.”

Thus, as the deadline looms, market participants eagerly await insights into the regulator’s stance on Ethereum ETF approval, with wide-reaching implications for the crypto space.Ishika is a graduate of Political Science from the University of Delhi. From writing content as a hobby to now pursuing it as a professional career, she has been living and breathing content all her life.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gary Gensler remains silent on Ethereum ETFs: What now?With Bitcoin ETFs now approved, the focus shifts to an Ethereum ETF. But unlike Bitcoin, the approval timeline for ETH ETFs is unclear.
Source: CryptoAmb - 🏆 22. / 68 Read more »

The fate of Ethereum ETFs looks uncertainAn ETF analyst said that lack of dialogue between the SEC and applicants of spot ETH ETFs could impact approval chances.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Jim Cramer makes ‘pretty obvious’ prediction about Ethereum ETFsJim Cramer forecasted the imminent rise of Ethereum ETFs as a major trend amidst Ethereum's recent 16% surge over the past week.
Source: CryptoAmb - 🏆 22. / 68 Read more »

SEC Declares ETF Abandoned, Signaling a Significant Development in Cryptocurrency ETFsThe United States Securities and Exchange Commission (SEC) has declared an ETF abandoned, marking a significant development in cryptocurrency ETFs. The SEC's decision adds intrigue to the evolving landscape of cryptocurrency investment vehicles. First Trust SkyBridge Bitcoin ETF Trust also faces setbacks following a previous rejection by the SEC.
Source: CryptoAmb - 🏆 22. / 68 Read more »

US SEC is reportedly gearing up to classify Ethereum (ETH) as a securityEthereum (ETH), the second largest cryptocurrency in the market, seems to have finally fallen under the radar of the US Securities...
Source: CryptoAmb - 🏆 22. / 68 Read more »

Ethereum ETF: SEC hits pause again, is a May launch possible?The US SEC has postponed its decision on the proposed Ethereum (ETH) exchange-traded funds (ETFs) by Hashdex and ARK 21Shares.
Source: CryptoAmb - 🏆 22. / 68 Read more »