SEC Delays Fidelity Ethereum Spot ETF, Analysts Optimistic on Single Approval in May

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SEC Delays Ethereum Spot ETF
Delay of Ethereum ETF Meets Expectations
Bitcoin Leveraged ETFs Make a Comeback
SEC Delays Ethereum Spot ETF
Bloomberg ETF analyst James Seyffart retweeted news of the SEC’s delay of Fidelity’s Ethereum spot ETF on January 18th.
According to the SEC announcement, the deliberation period has been extended by 45 days to allow sufficient time to consider proposed changes to the relevant rules.
Delay of Ethereum ETF Meets Expectations
Both James Seyffart and Will Clemente, co-founder of research firm Reflexivity Research, expressed optimism that this delay was expected. They believe that the key period for the approval of the VanEck Ethereum spot ETF is May 23rd, which is in late May. The SEC is expected to approve multiple Ethereum spot ETFs at once, following the same approach as Bitcoin ETFs.
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Bitcoin Leveraged ETFs Make a Comeback
While the SEC continues to delay Ethereum ETFs, a total of 16 Bitcoin leveraged ETFs have been applied for by ETF issuers:
REX Shares: Applied for 6 Bitcoin leveraged ETFs on January 3rd.
ProShares: Applied for 5 Bitcoin leveraged ETFs on January 16th.
Direxion: Applied for 5 Bitcoin leveraged ETFs on January 18th.
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Bitcoin spot ETF trading volume approaches billions of dollars, ProShares submits five more Bitcoin leveraged ETFs
)
Previously, controversial analyst Markus Thielen from Matrixport pointed out that after the listing of Bitcoin spot ETFs, options and derivative products are also likely to be introduced, which may further impact price volatility.
(
Matrixport analyst: Short-term bearish on BTC; ETH will soon rise to $3,000
)
SEC
Ethereum spot ETF
Bitcoin leveraged ETF
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Further Reading
SEC Chairman Gary Gensler Officially Responds to Social Media Account Security Vulnerability
SEC Chairman Comments on Bitcoin ETF: Centralized ETFs Ironize Satoshi Nakamoto’s Decentralization Vision