Ethereum

Dream

<p>The crypto and financial industries are hopeful that the Securities and Exchange Commission (SEC) will rule in favor of a spot Ethereum ETF. However, some experts believe their hope may be in vain, as the chances of such a prospect coming to fruition seem to be dwindling. Here’s why they are so pessimistic.</p>
<h2 id="h-the-ambiguity-of-ethereum-s-crypto-status-as-a-key-obstacle">The Ambiguity of Ethereum’s Crypto Status as a Key Obstacle</h2>
<p>While Bitcoin spot ETFs have gained some popularity, expectations for approval of a spot Ethereum ETF are facing a harsh reality. The prospects for a Spot Ethereum ETF seem to be growing dimmer.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>During the Paris Blockchain Week conference, Jan van&nbsp;Eck, CEO of asset manager VanEck, shared his <a href="https://decrypt.co/225464/ethereum-etf-hopes-fade-sec-crypto-crackdown" target="_blank" rel="noopener noreferrer nofollow">pessimism about this possibility</a>. He mentions the uncertainty surrounding the application submitted by the company he leads. But that is not the main reason for his doubts.</p>
<p>The head of Van Eck believes that unlike bitcoin (BTC), which is widely regarded as a decentralized commodity, the regulatory classification of ether (ETH) remains ambiguous. It is this lack of clarity that complicates the approval process for the highly anticipated Ethereum ETF.</p>
<p>Consequently, he no longer rules out the possibility that the SEC may outright reject his company’s Ethereum ETF application. Furthermore, an asset manager like Ark Invest, headed by Cathy Wood, whose application is expected to be reviewed in May, could also face the same fate.</p>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">Ethereum ETF Hopes Fade as SEC's Crypto Crackdown Dashes Approval Expectations<a href="https://t.co/wkMy2snmKh" rel="noopener noreferrer nofollow">https://t.co/wkMy2snmKh</a></p>— John Morgan (@johnmorganFL) <a href="https://twitter.com/johnmorganFL/status/1777768705729941724?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 9, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div>
 </div>
</figure>
<h2 id="h-little-enthusiasm-now-for-an-ethereum-etf">Little Enthusiasm Now for an Ethereum ETF</h2>
<p>Jan van&nbsp;Eck’s view is just an echo of an opinion that is increasingly spreading among crypto and financial industry players. Indeed, he is not the only one expressing doubts about the approval of a spot Ethereum ETF.</p>
<p>Jean-Marie Mognetti, CEO of CoinShares, is of the same opinion. He has expressed his skepticism about obtaining the SEC’s green light, contrary to what happened with Bitcoin in January. However, he does not outright dismiss this possibility.</p>
<p>He implied that approval might not materialize until the end of the year, even though he acknowledges concerns about Ethereum’s consensus model, which relies on stakers rather than miners.</p>
<p>In short, the excitement around the emergence of a <a href="https://www.cointribune.com/en/etf-ethereum-spot-the-sec-wants-to-hear-from-the-public/" target="_blank" rel="noopener noreferrer nofollow">spot Ethereum ETF</a> has given way to the industry players’ doubts within a backdrop of regulatory hurdles. Knowing that the road to the approval of this instrument might prove to be tough and prolonged, investors and crypto players must arm themselves with patience while waiting for regulators’ clarifications.</p>

Ethereum ETF: A Dream Falling Apart?

목차

Cointribune EN

2024년 4월 10일에 게재된 다른 기사

Binance Margin Expands Offerings with Five New Altcoins

Ether.fi outpaces competitors in the booming liquid staking sector

Memes Make Money: Best Meme Coin to Buy for Today’s Investors

5 ChatGPT's Crypto Price Predictions for the Post-Halving Market – These Coins Could Explode

VanEck CEO Anticipates Rejection for Spot Ethereum ETF, Despite Its Early Filing

Ethereum: What $59 million ‘weekly high’ meant for ETH’s long traders

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!