Ethereum

Bitcoin ETF

<a href="https://bitcoinworld.co.in/ethereum-etf-dream-on-hold-sec-thumbs-down-applications-again/" title="Ethereum ETF Dream On Hold: SEC Thumbs Down Applications Again" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">The US Securities and Exchange Commission (SEC) has once again thumbed down the first spot Ethereum ETF.</li> 
</ul> 
Ethereum enthusiasts were cruising down the information superhighway towards a July 4th fireworks celebration of a different kind: the launch of the first spot Ethereum ETF. 
But in a move that worried investors, the US Securities and Exchange Commission (SEC) threw a big wrench into the works, unexpectedly returning applicants’ proposals and delaying the much-anticipated debut. 
<h3 id="span-style-font-weight-400-missed-exit-ethereum-etf-july-launch-goes-up-in-smoke-span">Missed Exit: Ethereum ETF July Launch Goes Up In Smoke</h3> 
The news came as a shock to many, as market watchers and analysts alike had confidently <a href="https://www.reuters.com/technology/us-regulators-could-approve-spot-ether-etfs-launch-by-july-4-sources-say-2024-06-26/">predicted</a> a July launch, with some even suggesting a celebratory trade on Independence Day. 
Bloomberg ETF analysts Eric Balchunas and James Seyffart were among those waving the checkered flag a little too early.&nbsp; 
Their prediction of a July 2nd debut went up in smoke faster than a Roman candle after the SEC decided to put the brakes on the process. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Unfort think we gonna have to push back our over/under till after holiday. Sounds like SEC took extra time to get back to ppl this wk (altho again very light tweaks) and from what I hear next wk is dead bc holiday = July 8th the process resumes and soon after that they’ll launch… <a href="https://t.co/0ZQR7yiBLt">https://t.co/0ZQR7yiBLt</a> 
 — Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1806810886109331520?ref_src=twsrc%5Etfw">June 28, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Insiders claim that the SEC has delayed the anticipated debut date by requesting changes to the S-1 paperwork that issuers have submitted.&nbsp; 
This unexpected diversion raises serious concerns about the schedule as a whole. Although there are others who anticipate clearance by July 8th, the impending US holiday probably adds another level of difficulty. 
<h3 id="span-style-font-weight-400-uncharted-territory-the-sec-takes-the-wheel-span">Uncharted Territory: The SEC Takes The Wheel</h3> 
The lack of a definitive timeline is a major source of frustration for investors and issuers alike. Unlike the previous 19b-4 forms, which mandated a specific SEC decision timeframe, the S-1 filing process gives the regulatory body the freedom to take its sweet time.&nbsp; 
This essentially hands the steering wheel over to the SEC, allowing them to request revisions and conduct a thorough review without the pressure of a ticking clock. 
While SEC Chair Gary Gensler has previously hinted at approvals “sometime this summer,” his comments haven’t offered much solace to the jittery market.&nbsp; 
The recent snafu with the S-1 forms indicates that even a summer launch might be overly optimistic.&nbsp; 
This lack of clarity is a major hurdle for issuers and creates uncertainty for investors who are eager to jump on board the Ethereum ETF bandwagon. 
<h3 id="span-style-font-weight-400-the-road-ahead-span">The Road Ahead</h3> 
Even if <a href="https://bitcoinworld.co.in/eight-financial-firms-file-for-spot-ethereum-etfs/">Ethereum ETFs</a> do eventually reach the finish line, experts predict they might not attract the same level of investment as their Bitcoin counterparts.&nbsp; 
The perceived lower volatility of Bitcoin, coupled with the already established Bitcoin ETF landscape, might make them a more attractive option for some investors. 
The SEC’s recent actions have thrown the timeline into disarray, leaving investors and issuers in a state of limbo.&nbsp; 
While approval might still happen “sometime this summer,” the lack of clarity and the potential for lower inflows compared to Bitcoin ETFs paint a picture of a bumpy ride ahead for these highly anticipated investment vehicles.

Ethereum ETF Dream On Hold: SEC Thumbs Down Applications Again

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Інші статті, опубліковані 30 черв. 2024 р.

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