Crypto prices have surged on signs of momentum toward US approval of exchange-traded funds investing directly in second-largest token ether, a shift from a more downbeat outlook as recently as last week.
The US Securities & Exchange Commission contacted at least one exchange and at least one potential spot-ether ETF issuer to update related 19b-4 filings, according to people familiar with the matter, who asked not to be identified as the matter is private. That’s a sign that odds for SEC approval may be rising, one of the people said. The dialog is an unexpected shift, but a green light is by no means guaranteed, the person added.
Bloomberg Intelligence ETF analyst Eric Balchunas said he and his colleague James Seyffart had increased the estimated probability that a spot-Ether ETF gets approved to 75 per cent from 25 per cent.
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Source: FinancialReview - 🏆 2. / 90 Read more »