Amid uncertainty around Ethereum Spot Exchange-Traded Funds (ETFs), Grayscale Chief Legal Officer (CLO) Craig Salm has expressed his insights on the subject, addressing the similarities between Ethereum and Bitcoin spot ETFs.
Ethereum Spot ETFs Is Just As Strong As Bitcoin Spot ETFs
Craig Salm appears optimistic about the Ethereum spot ETFs’ approval from the United States Securities and Exchange Commission (SEC), as he believes “the case for the products is just as strong as it was for Bitcoin ETFs.”
The Grayscale’s CLO underscored his unwavering confidence in the products’ approval, despite ongoing negative speculations within the crypto landscape. However, his main goal is to shed light on how the SEC’s engagement with applicants in the situation is perceived.
Addressing the Commission’s engagement, Salm drew the community’s attention to the final months before Bitcoin ETFs were approved, noting that during this period, the SEC engaged with Grayscale and
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