Ethereum

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Radar

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ethereum-etf-approval-on-secs-radar-for-potential-2024-greenlight">Ethereum ETF Approval on SEC’s Radar for Potential 2024 Greenlight</a><br></p>
<p style="text-align: justify">Attorney Scott Johnsson has indicated that the United States Securities and Exchange Commission (SEC) might greenlight a spot <a href="https://en.bitcoinhaber.net/ethereums-market-resilience-a-technical-perspective-amidst-cryptocurrency-fluctuations">Ethereum</a> (ETH) exchange-traded fund (ETF) by May 2024, drawing parallels to the recent success of spot <a href="https://en.bitcoinhaber.net/whale-alerts-signal-potential-bitcoin-peak-as-investors-watch-closely">Bitcoin</a> ETFs. Johnsson, basing his forecast on the SEC’s swift action on Bitcoin ETFs, expects a similar trajectory for Ethereum. However, he notes that this timeline could stretch to mid-2025 if there are unexpected delays.</p> 
<h2 id="ethereum-etf-anticipating-sec-s-seal-of-approval">Ethereum ETF: Anticipating SEC’s Seal of Approval</h2> 
<p style="text-align: justify">Johnsson, sharing his analysis on a personal platform, underscored the SEC’s rapid advancement from initial comments on Bitcoin ETFs to the completion of registration statements and final nods within a 90-day window. With a critical decision date looming on May 23, Johnsson suggests that Ethereum ETFs might enjoy an equally expedited review, thanks to the regulatory framework already established.</p> 
<p style="text-align: justify">Despite an upbeat forecast, Johnsson cautions about potential variations in the SEC’s approach. He notes the possibility of an extended commentary period and further scrutiny of 19b-4 filings, which could impede the anticipated timeline for Ethereum ETFs.</p> 
<p style="text-align: justify">Bloomberg’s ETF expert James Seyffart offers a differing opinion. He contends that the SEC might expedite the Ethereum ETF approval process, given the precedent set by Bitcoin ETFs. Seyffart interprets the SEC’s current quietude as indicative of a faster track to approval for Ethereum.</p> 
<p style="text-align: justify">The prospect of SEC approval has garnered considerable attention, with industry giants such as Fidelity, Invesco, and BlackRock seeking approval for their Ethereum ETF products, signaling a growing investor appetite.</p> 
<h2 id="divergent-views-on-timeline-for-ethereum-etf-decision">Divergent Views on Timeline for Ethereum ETF Decision</h2> 
<p style="text-align: justify">While some experts like Valkyrie’s Chief Investment Officer Steven McClurg project a potential delay past May 2024, they maintain a bullish stance on eventual approval. McClurg alludes to the intricate nature of Ethereum ETF statements, hinting at an elongated approval process. <a href="https://en.bitcoinhaber.net/ripples-price-at-a-crossroads-potential-break-from-400-day-support-trend">Ripple</a> CEO Brad Garlinghouse, meanwhile, remains optimistic about the future of spot cryptocurrency ETFs and predicts the eventual introduction of a variety of such funds.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ethereum-etf-approval-on-secs-radar-for-potential-2024-greenlight">Ethereum ETF Approval on SEC’s Radar for Potential 2024 Greenlight</a></h5>

Ethereum ETF Approval on SEC’s Radar for Potential 2024 Greenlight

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