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Ether prices spike on hopes of an ETF — but the SEC signals that's less clear cut than bitcoin - TL;DR CNBC

Ether prices spike on hopes of an ETF — but the SEC signals that's less clear cut than bitcoin

Publishing timestamp: 2024-01-11 08:36:54


Summary

The price of ether spiked after the approval of a bitcoin ETF, leading to speculation that an ether ETF might be approved next. SEC Chair Gary Gensler cast doubt on the approval of an ether ETF and emphasized that the approval of a bitcoin ETF does not indicate a willingness to approve crypto asset securities. The classification of ether as a security or commodity complicates the matter. Some commentators believe an ether ETF could be approved this year, while others are more skeptical.


Sentiment: MIXED

Tickers: ETH.BF=BTC.CM=

Keywords: cryptocurrencybitcoinmarketscommodity marketsbusiness newsethereuminvestment strategyether/usd bitfinexgary genslersecexchange-traded fundsunited statesbitcoin/usd coin metrics

Source: https://www.cnbc.com/2024/01/11/ether-price-spikes-on-hope-of-eth-etf-but-will-the-sec-approve-it.html


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