Ethereum

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<ul>
 <li>Crypto lawyer Jake Chervinsky shares pessimistic views about the Ethereum ETF launch this year.</li>
 <li>Chervinsky points out the SEC’s political pressures that could negatively impact the ETF approval.</li>
 <li>According to him, the asset managers will withdraw their applications if the SEC necessitates it.</li>
</ul>
The potential Ethereum exchange-traded fund (ETF) approval has been the talk of the town over the past few months, especially following the <a href="https://coinedition.com/bitcoin-etfs-explained-everything-you-need-to-know/" rel="noopener noreferrer nofollow">Spot Bitcoin ETF</a> launch. While many remain optimistic about the imminent launch, Jake Chervinsky, a prominent crypto lawyer, shared his pessimistic views.
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 I am a lot less confident about ETH ETF approval this year than many of you are. The SEC got a ton of political blowback for approving BTC ETFs, even though the court basically forced it to. Now animal spirits are in control of the market, and an ETH ETF would only add to that.— Jake Chervinsky (@jchervinsky) <a href="https://twitter.com/jchervinsky/status/1763705594949570757?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 1, 2024</a>
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The leading players in the industry, including BlackRock, Fidelity, Grayscale, VanEck, Ark and 21Shares, Invesco and Galaxy, Hashdex, and Franklin Templeton, have <a href="https://coinedition.com/franklin-templeton-joins-ethereum-etf-rally-applies-for-etf-launch/" rel="noopener noreferrer nofollow">submitted</a> their applications for the Ethereum ETF launch. Despite the Securities and Exchange Co…
The post <a href="https://coinedition.com/crypto-lawyer-remains-pessimistic-about-ethereum-etf-launch-this-year/" rel="noopener noreferrer nofollow">Crypto Lawyer Remains Pessimistic About Ethereum ETF Launch This Year</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Crypto Lawyer Remains Pessimistic About Ethereum ETF Launch This Year

Coin Edition

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