Despite recent recovery, there remains skepticism about the approval of Ethereum spot ETFs.

Quick Summary:

Ethereum Spot Exchange-Traded Funds (ETFs) approval odds continue to witness notable pessimism as the cryptocurrency space awaits the United States Securities and Exchange Commission’s (SEC) decision on the products scheduled for May.

He further suggested that the products might not be approved due to the SEC’s significantly lower level of engagement with ETF issuers than in previous interactions.“Logic says that is correct, but also wonder if SEC learned a lesson from clown show with spot Bitcoin ETFs,” he added.

Pessimism Deepens As Ethereum ETFs Remain Uncertain As the May deadline draws near, doubt and skepticism loom large on the horizon, casting a dark shadow for the products.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: United KingdomUnited States

Topics: Securities and Exchange Commission Ethereum Exchange-Traded Funds Bitcoin Halving Ethereum Btc ETHUSDT Polymarket Nate Geraci Ethusd ETH Ethereum President of ETF Store Bitcoin ETFs Sec

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-22 @ 15:00:07 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 510 words

Reading Time: 3 minutes read

Sentences: 44 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 20756766

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Main Topics: Crypto

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