Ethereum

Franklin

Cryptocurrency

Gary

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ethereum-etfs-in-the-spotlight-as-sec-meetings-loom" rel="noopener noreferrer nofollow">Ethereum ETFs in the Spotlight as SEC Meetings Loom</a><br></p>
<p style="text-align: justify">As the cryptocurrency market gains momentum, the anticipation for <a href="https://en.bitcoinhaber.net/ethereum-investor-stirs-market-after-dormant-period-of-nearly-9-years" rel="noopener noreferrer nofollow">Ethereum</a> Exchange-Traded Funds (ETFs) is surging among investment firms. The recent introduction of <a href="https://en.bitcoinhaber.net/examining-bitcoins-recent-price-drop-and-market-sentiments" rel="noopener noreferrer nofollow">Bitcoin</a> spot ETFs has sparked increased discussions about similar investment products for Ethereum. The U.S. Securities and Exchange Commission (SEC), known for its cautious approach, is seemingly extending its decision-making timeline for Ethereum ETFs, echoing its previous hesitancy with Bitcoin.</p>
<h2 id="upcoming-sec-consultations-with-etf-proposers">Upcoming SEC Consultations with ETF Proposers</h2>
<p style="text-align: justify">In a new development, the SEC is reported to be scheduling meetings next month with potential issuers of spot Ethereum ETFs. The goal of these consultations is to deliberate about the proposed financial products and tackle any regulatory apprehensions. Despite the absence of confirmed meeting dates on the public agenda, insider sources have verified the impending discussions. The SEC has deferred its verdict on these ETFs until at least May, with VanEck’s application set for a final decision by May 23rd.</p>
<p style="text-align: justify">Industry giants, including BlackRock, Franklin Templeton Grayscale, and Invesco Galaxy, are among the firms awaiting the SEC’s decision. The spotlight on spot Ethereum ETFs burgeoned last year, following the pattern set by Bitcoin ETFs. After January 2024’s clearance of Bitcoin spot ETFs, 10 ETFs commenced trading, highlighting the market’s persistent enthusiasm for cryptocurrency-based funds.</p>
<h2 id="sec-head-gensler-s-stance-on-cryptocurrency-etfs">SEC Head Gensler’s Stance on Cryptocurrency ETFs</h2>
<p style="text-align: justify">SEC Chairman Gary Gensler, despite endorsing the Bitcoin spot ETFs, continues to express reluctance towards the broader cryptocurrency market, potentially influencing the Ethereum ETF approval process. Gensler has cautioned that despite the green light for Bitcoin ETFs, they represent a high-risk investment class, underscoring the peril involved in such decisions. In a departure from the Bitcoin ETF approvals, the SEC has so far avoided engagement with Ethereum ETF proposers, casting a shadow of doubt over the approval timeline. Leading crypto industry players, including <a href="https://en.bitcoinhaber.net/okx-announces-completion-of-its-22nd-token-burn-amid-crypto-market-fluctuations" rel="noopener noreferrer nofollow">Coinbase</a>, have recently advocated for the sanctioning of Grayscale’s spot Ethereum ETF application.</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-etfs-in-the-spotlight-as-sec-meetings-loom" rel="noopener noreferrer nofollow">Ethereum ETFs in the Spotlight as SEC Meetings Loom</a></h5>

Ethereum ETFs in the Spotlight as SEC Meetings Loom

목차

BH NEWS

2024년 2월 28일에 게재된 다른 기사

All Eyes On SEC As Spot Ethereum ETF Issuers Gear Up For March Meeting

6 Best Altcoins to Invest in Right Now February 28 – Arweave, Injective, Dogecoin

Ethereum-Based Token Frog Wif Hat Surges 800% After Successful Launch on Uniswap

Vechain (VET) and Injective (INJ) Demonstrate Strong Q1 2024 Price Performance As Investors Antic...

Shiba Inu Leads Meme Token Surge in Crypto Market

BlackRock Bitcoin ETF Volumes Top $1 Billion For A Second Consecutive Day As BTC Targets $60K

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!