Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: sirty143 on October 03, 2023, 05:24:28 AM
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Hello Guys! What's your thoughts and/opinions about this subject, "Grayscale Moves to Convert Ethereum Trust to Spot ETF Amid Surge in ETH Futures ETF Launches (https://news.bitcoin.com/grayscale-moves-to-convert-ethereum-trust-to-spot-etf-amid-surge-in-eth-futures-etf-launches/)"
Your opinion is greatly appreciated. By the way, Unlike Bitcoin, which has a limited supply, Ethereum has an infinite supply. As of this writing, there are 122.7 million ETH in circulation.
Thanks!
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SEC has denied requests for ETH Spot ETF, simply because BTC Spot ETF has not yet been approved.
I thinkBTC Spot ETF will come, then the ETH Spot ETF because the SEC has never accused ETH as a security.
Many investment funds have submitted applications for ETH Spot ETF, the SEC will not have the financial capacity to fight them all.
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Bitcoin has no problem with security, but Ether does. SEC has not been able to determine whether Ether is a commodity or a security, so we need to wait more before we can expect the launch of the ETH Spot ETF in 2024. Perhaps this will come in 2025 to creating more excitement in next uptrend.
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Bitcoin has no problem with security, but Ether does. SEC has not been able to determine whether Ether is a commodity or a security, so we need to wait more before we can expect the launch of the ETH Spot ETF in 2024. Perhaps this will come in 2025 to creating more excitement in next uptrend.
Bitcoin doesn't have the slightest problem because its supply is limited so all security is locked and cannot be edited. Meanwhile, Ethereum is man-made which is not very consistent because it can still be edited and the unlimited supply volume causes many problems to occur on Ethereum. .