According to a CNBC report, spot Bitcoin exchange-traded funds (ETFs) issuers have expressed skepticism that the US Securities and Exchange Commission (SEC) will approve similar spot Ethereum ETFs.
Market participants, including asset managers BlackRock, Fidelity, and VanEck, eagerly await approval for Ethereum ETF products, but some issuers are uncertain about the SEC’s green light.
Uncertainty Looms For Ethereum ETFs
The report notes that SEC Chairman Gary Gensler’s emphasis on crypto assets subject to federal securities laws has further complicated matters for an Ethereum ETF. Gensler has asserted that most crypto assets are investment contracts, consistent with the SEC’s perspective.
Interestingly, VanEck CEO Jan Van Eck anticipates a rejection of their Ethereum ETF application, stating that regulators have been providing comments on the application for weeks.
Van Eck believes that the SEC’s decision-making process is similar to that of Bitcoin ETFs, wher
We współpracy z: https://bitcoinist.com/spot-ethereum-etfs-unlikely-get-sec-approval/
