Ethereum ETF: Approval by ‘late May,’ or only ‘25% odds’?

“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.”Salm further outlined that issues related to spot Ethereum ETFs were largely addressed before spot Bitcoin ETFs were approved. He

“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.”“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.

“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.”Salm also suggested that the recent approval of Ether Futures ETFs, classified as commodity futures, could pave the way for spot Ether ETFs. 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.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.

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