Ethereum

Bitcoin ETF

Daily

<p>On Thursday, asset management titan BlackRock took a step towards launching an Ethereum exchange-traded fund (ETF) after filing paperwork for an “iShares Ethereum Trust.” This sparked a rally in Ethereum, with prices rising 10% over the past 24 hours on rumors and speculation. However, some analysts believe the SEC will ultimately deny approval for a spot Ethereum ETF, at least initially.</p>
<p>SEC Skepticism Remains Despite Crypto Progress Crypto influencer Altcoin Daily <a href="https://twitter.com/AltcoinDailyio/status/1722825914462171252?t=MaTigJAbtlMD73jiTaTh6Q&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">argues that</a> even though BlackRock registered a spot Bitcoin ETF with the DTCC recently, Bitcoin spot ETF applications continue facing denial from the SEC. Regulators seem unlikely to take a more lenient stance on Ethereum.</p>
<p><em>“Gary Gensler wants to give Ethereum an even HARDER time than he’s given Bitcoin,</em>” said Altcoin Daily. Despite Ethereum being a commodity, the SEC head appears inclined to be cautious on spot crypto ETFs.</p>
<h2 class="wp-block-heading" id="denials-could-create-buying-opportunity">Denials Could Create Buying Opportunity</h2>
<p>If the SEC does rebuff BlackRock’s Ethereum ETF bid and others, Altcoin Daily sees it potentially creating a great buying opportunity. The regulator will likely have to approve spot Ethereum ETFs eventually, just as Bitcoin ETF approvals seem inevitable.</p>
<p>For now, the SEC denying spot ETFs while approving Bitcoin futures ETFs may continue. But this discrepancy can’t persist forever as investor pressure mounts. Each denial brings the SEC closer to capitulating, rather than deterring applicants.</p>
<p>It’s also possible a Bitcoin spot ETF gets approved first, with Ethereum delayed further. But Ethereum’s commodity status strengthens the case for its ETF, so approval could follow Bitcoin’s by just months rather than years.</p>
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<p>For investors, getting in early before an ETF could supercharge already rapid Ethereum adoption. So predictable denials, while frustrating, provide buying windows. Ethereum’s long-term ETF prospects remain strong, rewarding patient believers.</p>
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<p>The post <a href="https://captainaltcoin.com/why-sec-will-deny-blackrocks-ethereum-eth-etf-application/" rel="noopener noreferrer nofollow">Why SEC Will Deny BlackRock’s Ethereum (ETH) ETF Application</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why SEC Will Deny BlackRock’s Ethereum (ETH) ETF Application

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