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MainNewsSEC Gears Up...

SEC Gears Up For Spot Ethereum ETF Decisions in March


Feb, 28, 2024
1 min read
by Watcher.Guru
SEC Gears Up For Spot Ethereum ETF Decisions in March

The SEC is preparing to discuss and make some decisions on Spot Ethereum Exchange-Traded Funds (ETFs) this March. Following the landmark approval of Spot Bitcoin ETFs in January, and their continuous success, Spot ETH ETFs could be next on the ballet for crypto implementation in stock trading.

Reuters reports that the SEC is planning meetings with spot Ethereum ETF applicants next month. Since the approval of the Bitcoin ETFs though, the regulator has given delay after delay to a decision on pending Ethereum ETFs. When the Bitcoin products were approved, SEC Chair Gary Gensler made it known that despite their decision, the SEC wasn’t a supporter of Bitcoin or any other crypto. However, they approved for the benefit of trade and due to wide demand/court pressure.

Ethereum Whales Selling Like There is No Tomorrow: Report
Source: Bitcoinist

The upcoming SEC meetings will begin discussions on the pros and cons of an Ethereum ETF becoming available on the market, and will likely feature multiple sit-downs with pending applicants. Grayscale, VanEck, and other asset managers are looking to add an Ethereum ETF to their menu.

Also Read: Ethereum Breaches $3,200; Can ETH Hit $4,000 Next?

The SEC postponed decisions on spot Ether-based products until May at the earliest. However, they can further discuss the products and begin meeting with issuers in March.

Ethereum, similarly to Bitcoin, has been on the rise in the past month. It is up nearly 50% in the last 30 days and is currently trading at $3,356.16.

Read the article at Watcher.Guru

Read More

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MainNewsSEC Gears Up...

SEC Gears Up For Spot Ethereum ETF Decisions in March


Feb, 28, 2024
1 min read
by Watcher.Guru
SEC Gears Up For Spot Ethereum ETF Decisions in March

The SEC is preparing to discuss and make some decisions on Spot Ethereum Exchange-Traded Funds (ETFs) this March. Following the landmark approval of Spot Bitcoin ETFs in January, and their continuous success, Spot ETH ETFs could be next on the ballet for crypto implementation in stock trading.

Reuters reports that the SEC is planning meetings with spot Ethereum ETF applicants next month. Since the approval of the Bitcoin ETFs though, the regulator has given delay after delay to a decision on pending Ethereum ETFs. When the Bitcoin products were approved, SEC Chair Gary Gensler made it known that despite their decision, the SEC wasn’t a supporter of Bitcoin or any other crypto. However, they approved for the benefit of trade and due to wide demand/court pressure.

Ethereum Whales Selling Like There is No Tomorrow: Report
Source: Bitcoinist

The upcoming SEC meetings will begin discussions on the pros and cons of an Ethereum ETF becoming available on the market, and will likely feature multiple sit-downs with pending applicants. Grayscale, VanEck, and other asset managers are looking to add an Ethereum ETF to their menu.

Also Read: Ethereum Breaches $3,200; Can ETH Hit $4,000 Next?

The SEC postponed decisions on spot Ether-based products until May at the earliest. However, they can further discuss the products and begin meeting with issuers in March.

Ethereum, similarly to Bitcoin, has been on the rise in the past month. It is up nearly 50% in the last 30 days and is currently trading at $3,356.16.

Read the article at Watcher.Guru

Read More

Bitcoin Flashes ‘Death Cross’ Amid Tariff-Induced Market Turmoil – Is Further Decline Inevitable?

Bitcoin Flashes ‘Death Cross’ Amid Tariff-Induced Market Turmoil – Is Further Decline Inevitable?

The global equity and cryptocurrency markets experienced significant downturns earlie...
Apr, 08, 2025
2 min read
by NewsBTC
Altcoins Will ‘Get To Fire’ Once Bitcoin Hits This Price Level, According to BitMEX Founder Arthur Hayes

Altcoins Will ‘Get To Fire’ Once Bitcoin Hits This Price Level, According to BitMEX Founder Arthur Hayes

BitMEX founder Arthur Hayes says that altcoins may finally see a boost once Bitcoin (...
Apr, 08, 2025
3 min read
by The Daily Hodl