SEC Files Fidelity’s ETF, but Approval Odds Remain Low

However, according to analyst James Seyffart, ETF approval odds remain low despite the recent filing."Nothing in the filings signal to me that anything has changed," the analyst said on the X social media network.

The analyst has added that silence from the SEC is not a good thing, which implies that ETF approval remains unlikely for now. 'Rich Dad Poor Dad' Author Reveals What He'll Do If Bitcoin Crashes to $200 Last month, multiple legal analysts opined that the SEC was likely to reject Ethereum ETFs due to political pressure. Moreover, recent reports suggest that the SEC is preparing to approve multiple Bitcoin ETFs.

Fidelity originally jumped into the race to launch a spot Ethereum ETF back in November. In March, it added staking to its application. Alex Dovbnya Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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