๐ Approval of exchange-traded funds on Ethereum is a matter of time
๐ Approval of exchange-traded funds on Ethereum is a matter of time
This opinion is shared by most experts. The head of the SEC has surely realized the mistake of last year, when he delayed the approval of the BTC-ETF, contrary to the obvious positive decision.
๐ป๐จ It is likely that this time Gensler will resist to the last, claiming that ETH is a security, but in the end he will give the go-ahead under market pressure.
The upcoming US election could also be a catalyst for ETH-ETF approval. Trump has already started to actively use the topic of cryptocurrencies in his election campaign. To counterbalance his actions, it would be logical to launch an ETH-ETF as early as the summer.
๐ผ I remind you of the key dates for reviewing applications:
๐ฆ May23: VanEck
๐ฆ May 24: Ark Invest/21Shares
๐ฆ May 30: Hashdex
๐ฆ June 11: Franklin Templeton
๐ฆJune 18: Grayscale
๐ฆ July 5: Invesco/Galaxy Digital
๐ฆ August 2: Fidelity
๐ฆ August 7: BlackRock
๐ฆ December: Bitwise
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