Ethereum

Impact

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ethereum-etf-decision-postponement-strategies-and-impact" rel="noopener noreferrer nofollow">Ethereum ETF Decision Postponement: Strategies and Impact</a><br></p>
<p style="text-align: justify">The CEO of Umoja, Robby Greenfield, has voiced concerns regarding major financial institutions’ internal strategies, suggesting that these deficiencies could lead to deferred approvals for Ethereum-based Exchange-Traded Funds (ETFs). The delay may extend past the anticipated May deadline. Contending for the ETF spot are notable firms such as BlackRock, Grayscale, Fidelity, and several others.</p>
<h2 id="ethereum-etf-applications-under-review">Ethereum ETF Applications Under Review</h2>
<p style="text-align: justify">Bloomberg’s ETF analyst James Seyffart recently forecasted that the U.S. Securities and Exchange Commission (SEC) might reject current <a href="https://en.bitcoinhaber.net/ethereum-worth-millions-transferred-by-bankrupt-crypto-companies" rel="noopener noreferrer nofollow">Ethereum</a> ETF applications by the end of May. The SEC has already pushed back its verdict on Hashdex and ARK 21Shares’ Ether ETF proposals. These funds have reached their final decision stage, with deadlines set for the end of May.</p>
<p style="text-align: justify">Cryptocurrency’s decentralized essence poses challenges for institutional strategy formulation for ETFs. Greenfield predicts an approval delay but remains certain of its eventuality, emphasizing the SEC’s view of Ethereum as increasingly akin to a commodity, which should favor ETF approval.</p>
<h2 id="strategic-investment-and-defi">Strategic Investment and DeFi</h2>
<p style="text-align: justify">Greenfield has highlighted that major players’ reluctance to invest in decentralized <a href="https://en.bitcoinhaber.net/dwf-labs-invests-225000-in-lesser-known-altcoin-konnect-acquiring-6-million-kct-tokens" rel="noopener noreferrer nofollow">finance</a> (DeFi) stems from infrastructure inadequacies, discouraging both institutional and traditional individual investor engagement. He advocates for better user experiences and simpler infrastructures to attract real individual investors into the DeFi sector.</p>
<p style="text-align: justify">The Umoja CEO also underlined the importance of individual access to sophisticated investment strategies, given that individual investors—though holding a significant portion of managed global assets—have limited opportunities in asset management. In response, Umoja has doubled its seed funding to enhance individual investor access to asset management strategies. The World Economic Forum’s data shows that individual investors, who made up 52% of managed assets in 2021, are likely to control a greater share by 2030.</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-decision-postponement-strategies-and-impact" rel="noopener noreferrer nofollow">Ethereum ETF Decision Postponement: Strategies and Impact</a></h5>

Ethereum ETF Decision Postponement: Strategies and Impact

Table of Contents

BH NEWS

Other articles published on Mar 20, 2024

Why Crypto Market Turned Bearish: Explained by Quick Node Crypto Research

Bitcoin Hits $66,000 as Fed Maintains Interest Rates

Bonk Price Prediction: BONK Holders Explore New Meme Coin Priced $0.002

Memeinator Presale Enters Into Final Stage With Over 96% Tokens Sold (20 Mar)

Discover NFTFN: The Presale Event for the Latest Low Market Cap Gem

Stable Bitcoin Prices Amid Federal Reserve’s Unchanged Rates: What It Means

Join our free newsletter for daily crypto updates!