Bitcoin ETF issuers say SEC will reject ether exchange-traded funds
Publishing timestamp: 2024-04-09 10:14:24
Summary
The SEC is unlikely to approve a spot bitcoin ETF for cryptocurrency ether by late May, according to issuers. VanEck CEO believes their ether ETF application will most likely be rejected. Despite growing enthusiasm in the crypto community, SEC Chair Gary Gensler's view on crypto assets being subject to federal securities laws complicates matters for an ether ETF approval. CoinShares CEO is also pessimistic about gaining approval in the short term, suggesting it may be difficult due to the proof of stake protocol specific to blockchain.
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Keywords: business news, ethereum/usd coin metrics, blackrock inc, aetherium acquisition corp,