Fox Reporter: Sources claim that the U.S. SEC’s current stance on the Ethereum spot ETF is “forceful rejection” but there is “internal resistance.”
Fox reporter Eleanor Terrett posted on social media that "there are many different opinions among ETF issuers, investment management companies, and sources close to the US Securities and Exchange Commission (SEC) regarding the time for potential approval of Ethereum spot ETF.
A Bitcoin spot ETF issuer that owns an Ethereum spot ETF application said that they are confident that the approval and smooth launch of Bitcoin spot will force the SEC to approve the Ethereum spot ETF.
Another source told me that the current position of the US Securities and Exchange Commission is "forceful rejection", and there are "some internal obstacles" to this idea.
Another person said that the listing of Ethereum futures ETF and BlackRock's record of obtaining ETF approval make them believe that the Ethereum spot ETF may be launched before the end of the summer.
My understanding is: time and time again, the ball is in the SEC's court. In the next few months, we will get some clues to see if SEC staff have delved into the S-1 filing, just as they did with Bitcoin spot."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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