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
Keywords: cryptocurrency, bitcoin, markets, commodity markets, business news, ethereum, investment strategy, ether/usd bitfinex, gary gensler, sec, exchange-traded funds, united states, bitcoin/usd coin metrics,