The U.S. Securities and Exchange Commission (SEC) has sought public feedback on three Ethereum spot ETFs, attracting attention from the crypto community and raising hopes for a turning point. According to recent application documents, the focus is on Fidelity, Grayscale, and Bitwise, with each vying for the opportunity to bring Ethereum into the mainstream financial market.
Table of Contents
Toggle
SEC Seeks Public Feedback
Are Ethereum ETFs Optimistic?
Starting this Tuesday, the SEC initiated a 21-day public comment period, allowing the public to participate in the decision-making process of regulatory agencies and providing a transparent platform for dialogue and opinions.
Despite some progress, key figures in the ETF analysis field, such as Bloomberg analyst Eric Balchunas, have lowered their expectations for ETF approval by May, from an originally optimistic 70% to a more cautious 30%. His colleague James Seyffart also participated in the discussion, especially regarding Fidelity’s application, pointing out the lack of new information in the application documents and the SEC’s silence, which is not a good sign for approval.
Advertisement – Continue reading below
(
SEC Delays Ark and Hashdex Ethereum Spot ETF, Bloomberg Analyst: No longer optimistic about passing in May
)
In conclusion, the results of this inquiry period may open a new chapter for Ethereum in the trading market or serve as a reminder of the challenges faced in integrating cryptocurrencies more deeply into regulated financial markets.
(
Consensys Explains Why Ethereum ETF Should Be Approved from a Technological Perspective to the SEC
)
ETF
ETH
SEC
Ethereum
Further Reading
What is the reason behind the toxic effect of repledging Ethereum? feat. Chen Pin
Repledging is toxic! Why is $52 billion pledged in ETH potentially crushing its price?