CEO Throws Cold Water On May Ethereum ETF Approval
[ad_1] The much-anticipated arrival of spot Ethereum exchange-traded funds (ETFs) in the US seems to be hitting a snag. Industry leaders are voicing growing concerns about the likelihood of securing regulatory approval from the Securities and Exchange Commission (SEC), with a deafening silence from the agency fueling anxieties. Jan van Eck, CEO of investment firm […]
Grayscale executive sees path to Ethereum ETF approval despite SEC silence
[ad_1] Craig Salm, the Chief Legal Officer at Grayscale, suggested that the US SEC’s “perceived lack of engagement” with spot Ethereum exchange-traded funds (ETFs) applicants wouldn’t be a decisive factor that would hinder the prospects of such products. In a March 25 post on X (formerly Twitter), Salm said the Ethereum ETFs would be approved […]
Coinbase backs Grayscale’s Ethereum ETF bid, spotlighting ETH as a commodity
[ad_1] Coinbase has endorsed Grayscale’s bid to convert its Ethereum (ETH) Trust into an exchange-traded fund (ETF) in a Feb. 21 letter addressed to the Securities and Exchange Commission (SEC). Coinbase’s chief legal officer, Paul Grewal, said the exchange’s letter provided the legal, technical, and economic arguments supporting spot Ethereum funds’ approval. He added: “Our […]
Ethereum breaks 22-month record crossing $3000 amid positive market speculations
[ad_1] Ethereum’s price soared to a noteworthy milestone in the past day, briefly crossing the $3,000 mark for the first time in 22 months. During this period, ETH’s price peaked at approximately $3,025, marking a remarkable 27% surge over the last 30 days. However, its value has retraced slightly to around $2,920 as of press […]
Spot Ethereum ETFs approval likely on May 23: Standard Chartered
[ad_1] Standard Chartered Bank says the SEC could approve spot Ethereum ETFs on May 23, the final deadline for applications currently before the regulator. Ethereum price could surge to over $4,000 by then, the bank said in a report. The US Securities and Exchange Commission (SEC) is likely to give a nod to the first […]
JP Morgan Reveals Likelihood Of Spot Ethereum ETFs Getting Approved
[ad_1] Now that Spot Bitcoin ETFs have been approved by the United States Securities and Exchange Commission (SEC), the crypto space anticipates more ETFs to enter the market, particularly Spot Ethereum ETFs. Despite this, analysts at JP Morgan, an American multinational financial service firm, have revealed a less than optimistic outlook for the potential approval […]
American Investment Bank TD Cowen Says Ethereum ETF Will Be Delayed
[ad_1] Despite the United States Securities and Exchange Commission (SEC) granting approval for Spot Bitcoin ETFs, TD Cowen, a prominent American investment bank and financial service firm, foresees potential delays in the approval process of Ethereum Spot ETFs. Ethereum Spot ETF Faces Potential Hold-Up TD Cowen, an investment bank and financial service division of TD […]