Index Investing News
Wednesday, May 28, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

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

by Index Investing News
February 28, 2024
in Cryptocurrency
Reading Time: 3 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


The cryptocurrency market is abuzz with anticipation as multiple issuers vie for a spot on the Ethereum ETF landscape. Following the successful launch of spot Bitcoin products, the quest for Ether-based investment vehicles has gained momentum. However, the path ahead is fraught with challenges, as the US Securities and Exchange Commission continues to delay decisions and commissioners express mixed opinions.

SEC And Issuer Meetings: Paving The Way For Dialogue

A report by Reuters disclosed that the SEC is reportedly planning meetings with spot Ethereum ETF applicants next month. These meetings aim to facilitate discussions and address concerns regarding the proposed Ether-based investment vehicles. While the SEC’s public log does not currently indicate any scheduled meetings, sources familiar with the matter have confirmed the plans.

The SEC has postponed decisions on spot Ether-based products until May at the earliest, casting a shadow of uncertainty over the industry. VanEck’s filing stands as the first in line, with the SEC facing a deadline of May 23 to accept or reject their bid. Other prominent issuers, including BlackRock, Franklin Templeton Grayscale, and Invesco Galaxy, anxiously await the SEC’s response.

Image credit: Shanghaiist

Spot Ethereum ETF Bids: A Surge Of Interest

Last year witnessed a surge of interest in spot Ethereum ETFs, with issuers filing bids shortly after the applications for spot Bitcoin ETFs. The subsequent approval of spot Bitcoin ETFs in January 2023, resulting in the commencement of trading for nearly a dozen funds, fueled optimism within the industry.

However, the path to spot Ethereum ETFs remains arduous, as the SEC grapples with regulatory complexities and concerns surrounding the unique characteristics of Ethereum compared to Bitcoin.

SEC’s Stance On Crypto: A Cautious Approach

SEC Chair Gary Gensler’s critical stance on cryptocurrencies continues to cast a shadow over the approval process for spot Ethereum ETFs. Despite approving spot Bitcoin ETFs, Gensler emphasized their high-risk nature and cautioned against interpreting the decision as a broader endorsement of crypto assets. The unclear security designation of Ethereum, unlike Bitcoin’s non-security commodity status, further complicates the regulatory landscape.

Ether market cap currently at $392 billion. Chart: TradingView.com

In contrast to the run-up to spot BTC ETF approvals, the SEC has not engaged in open dialogue with issuers regarding spot ETH ETFs. This lack of communication creates an additional hurdle for issuers seeking clarity and guidance on the regulatory requirements.

Gensler’s emphasis on a collective vote by all five commissioners underscores the importance of consensus within the SEC. However, previous decisions do not guarantee sweeping crypto endorsement, leaving issuers uncertain about the SEC’s ultimate stance on spot Ethereum ETFs.

Industry Stakeholders’ Perspective: A Call for Transparency

Prominent crypto industry stakeholders, such as Coinbase, have voiced their support for the approval of Grayscale’s spot ETH ETF application. Coinbase has also petitioned the SEC for more transparent crypto regulations, echoing the industry’s desire for a clear and predictable regulatory framework.

Potential Delay Tactics: A Strategy of Avoidance

James Angel, an associate professor of finance at Georgetown University, suggests that the SEC may employ various tactics to delay the approval process rather than outright rejecting applications. This strategy aims to avoid potential legal challenges that could arise from rejections.

Market Impact: A Rally Fueled By Anticipation

ETH price soaring in the weekly timeframe. Source: Coingecko

Amidst the ongoing efforts to secure SEC approval for spot Ether ETFs, the price of ETH has experienced a significant surge, climbing over 40% in the last 30 days. Grayscale experts attribute this rally to the hype surrounding spot ETH ETFs, coupled with anticipation for the Dencun upgrade.

Featured image from Pexels , chart from TradingView



Source link

Tags: ETFEthereumEyesgearissuersMarchMeetingSECSpot
ShareTweetShareShare
Previous Post

Thunder Gold to sell remaining 25% interest in Namibia’s Dor-Wit copper (OTCMKTS:TGOLF)

Next Post

3475 Oak Valley Rd Unit 360 Atlanta, GA 30326

Related Posts

TRON’s Correlation With Bitcoin May Imply Huge Positive factors, Right here’s Why

TRON’s Correlation With Bitcoin May Imply Huge Positive factors, Right here’s Why

by Index Investing News
May 28, 2025
0

Cause to belief Strict editorial coverage that focuses on accuracy, relevance, and impartiality Created by business consultants and meticulously reviewed...

Binance Shares Regulatory Formulation to Ignite Crypto Mass Adoption

Binance Shares Regulatory Formulation to Ignite Crypto Mass Adoption

by Index Investing News
May 28, 2025
0

Binance doubles down on crypto’s future as its CEO spotlights the regulatory strikes that might spark mass adoption, remodel finance,...

Promoting Bitcoin is like taking part in in a ‘unhealthy house-rate on line casino’ — Adam Again

Promoting Bitcoin is like taking part in in a ‘unhealthy house-rate on line casino’ — Adam Again

by Index Investing News
May 27, 2025
0

Promoting Bitcoin is like “taking part in in a very unhealthy house-rate on line casino,” based on Adam Again, CEO...

Trump Media to lift .5B to construct Bitcoin treasury, mirroring Technique’s playbook

Trump Media to lift $2.5B to construct Bitcoin treasury, mirroring Technique’s playbook

by Index Investing News
May 27, 2025
0

Key Takeaways Trump Media will elevate $2.5 billion to create a considerable Bitcoin treasury. The treasury deal consists of $1.5...

Saylor Responds To Bitcoin Proof Of Reserves, Shocks Everybody

Saylor Responds To Bitcoin Proof Of Reserves, Shocks Everybody

by Index Investing News
May 27, 2025
0

Trusted Editorial content material, reviewed by main business specialists and seasoned editors. Advert Disclosure When Michael Saylor stepped onto a...

Next Post
3475 Oak Valley Rd Unit 360 Atlanta, GA 30326

3475 Oak Valley Rd Unit 360 Atlanta, GA 30326

Dürr Aktiengesellschaft (DUERF) Q4 2023 Earnings Call Transcript

Dürr Aktiengesellschaft (DUERF) Q4 2023 Earnings Call Transcript

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Horror B-Film ‘Gator Lake’ Full Trailer A few Bloodthirsty Alligator

Horror B-Film ‘Gator Lake’ Full Trailer A few Bloodthirsty Alligator

May 9, 2025
Man Sues Hospital for Allegedly Shedding A part of His Cranium, Charging Him K to Exchange It

Man Sues Hospital for Allegedly Shedding A part of His Cranium, Charging Him $19K to Exchange It

August 20, 2024
Citi Unveils Tokenization Initiative With SDX at Zurich Discussion board

Citi Unveils Tokenization Initiative With SDX at Zurich Discussion board

May 8, 2025
Legacy Property in Evergreen, CO Presents Alternative to Create Lasting Recollections

Legacy Property in Evergreen, CO Presents Alternative to Create Lasting Recollections

April 26, 2025
What to expect when Boeing Company (BA) reports earnings next week?

What to expect when Boeing Company (BA) reports earnings next week?

April 21, 2023
Simply Listed | 550 Okeechobee Boulevard #1114

Simply Listed | 550 Okeechobee Boulevard #1114

October 29, 2024
Just Listed | 18430 SE Wood Haven Lane #L

Just Listed | 18430 SE Wood Haven Lane #L

October 17, 2023
Swimming Champ Jamie Cail’s Cause Of Death Revealed 6 Months After Mysterious Final Moments

Swimming Champ Jamie Cail’s Cause Of Death Revealed 6 Months After Mysterious Final Moments

August 28, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In