Ethereum

Franklin

While the SEC has recently postponed spot Ethereum ETF applications one by one, the hope of approval for ETFs continues to fade.
At this point, while many analysts say that the possibility of approval of ETH ETFs at the end of May is decreasing or not, Grayscale Chief Legal Officer Craig Salm shared his optimism about the approval of Ethereum ETFs.
Craig Salm, who made a long post about the approval of ETHereum ETFs on his X account, stated that he thought the ETFs would be approved despite the lack of negotiations between the SEC and ETF issuers.
Stating that the lack of negotiations with the SEC is not a problem for the approval of ETFs, Grayscale manager stated that there is no need for the market to be pessimistic about ETH ETFs.
Salm also pointed out that the effective negotiations with the SEC during the Bitcoin ETF process also included ETH ETFs, and said that the problems with Ethereum ETFs are the same as with BTC ETFs, the only difference is the asset held, that is, Ethereum instead of Bitcoin.
At this point, Craig Salm argued that the SEC is already dealing with these issues, so there is less need for extensive discussions in the ETH ETF process.
<blockquote>
 “Grayscale and other issuers had positive and constructive discussions with the SEC months before the launch of the Bitcoin spot ETF, including the creation and redemption process, cash and physical assets, authorized participants (AP), liquidity providers (LP), and custodian.” They reached consensus on various details.
 Since all the issues discussed in the Bitcoin ETF process also apply to Ethereum ETFs, there is no need to re-discuss these issues for ETH ETFs.
 Investors want and deserve access to Ethereum in the form of a spot ETH ETF, and Grayscale believes the approval odds for ETH ETFs are as strong as those for spot Bitcoin ETFs. “We look forward to collaborating with the SEC on these important products.”
</blockquote>
BlackRock, VanEck, ARK 21Shares, Fidelity, Invesco Galaxy, Grayscale, Franklin Templeton and Hashdex are among the Ethereum ETF applicants awaiting approval from the SEC.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 1/ Recently, there’s been a lot of chatter about spot <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> ETFs. I personally am not deterred by it and believe the ETFs should be approved. But right now I want to talk about how I think perceived “lack of SEC engagement” should be viewed at this point:
 — Craig Salm (@CraigSalm) <a href="https://twitter.com/CraigSalm/status/1772360837094691302?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 25, 2024</a>
</blockquote>
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*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/grayscale-executive-speaks-about-ethereum-etfs-eth-etf-is-being-misjudged-approval-possibility-is-strong-heres-why/" rel="noopener noreferrer nofollow">Grayscale Executive Speaks About Ethereum ETFs: "ETH ETF Is Being Misjudged! Approval Possibility Is Strong, Here's Why!"</a>

Grayscale Executive Speaks About Ethereum ETFs: "ETH ETF Is Being Misjudged! Approval Possibility Is Strong, Here's Why!"

Bitcoin Sistemi EN

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