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Learning & News => News related to Crypto => Topic started by: TomPluz on May 22, 2024, 10:54:30 AM

Title: SEC is Leaning Towards Approving a Spot Ether ETF
Post by: TomPluz on May 22, 2024, 10:54:30 AM


(https://blocknews.com/wp-content/uploads/2024/05/SEC-States-They-Are-Leaning-Towards-Approving-and-Ether-ETF-750x375.png)


More of this big news here. (https://blocknews.com/sec-is-leaning-towards-approving-a-spot-ether-etf/)

Quote
The SEC has signaled that it may soon approve spot Ethereum ETFs, a move that would open up Ethereum investment products to a wider range of investors. This would be a major milestone for the Ethereum ecosystem.

According to a recent Barron’s report, the SEC informed exchanges that it is leaning towards approving spot Ethereum ETFs. On Monday, reports emerged that the SEC had changed its stance on these Ethereum funds and decided to accelerate the review process for applicants.

Currently, the SEC only permits ETFs holding Ether futures. Approval would allow ETFs to hold the currency itself. On Tuesday, the SEC asked exchanges to update their 19B-4 filings for their spot Ethereum ETFs, speeding towards a potential approval.


Now, this can be a big and exciting news for all of us hoping for the approval of Ethereum ETFs in the market, alongside the recent approval by SEC for Bitcoin ETFs which catapulted BTC into greater heights. With the news, ETH made some big gains in the market as more and more buyers are now looking at the prospect of ETF and how it can surely push the asset to territories not seen before. Now, when all things are said and done, do you feel that ETFs for Ethereum will really be approved by SEC within this year?



Title: Re: SEC is Leaning Towards Approving a Spot Ether ETF
Post by: hugeblack on May 22, 2024, 12:53:06 PM
I was following the price of Ethereum to see the reflection of this news on the market and to compare the results with what happened before the approval of the Bitcoin ETF. Yesterday, the price showed positivity towards this news and rose well, but today the price is stable and began to decline slightly, and therefore this news may be FUD as investors didn't put in more money. In general, let's wait until the end of the week to see how it turns out.
Title: Re: SEC is Leaning Towards Approving a Spot Ether ETF
Post by: AGM on May 22, 2024, 01:00:55 PM
When the Bitcoin ETF was approved, discussions about the Ether ETF approval began. The SEC repeatedly changed its timing before approving bitcoin, and earlier this year they allowed bitcoin ETFs. Many knew that the SEC's attitude would be the same when it came to Ether. I also think nothing like that will happen in reality. That means the SEC can take a long time. They observe various aspects where they will take longer and at some point they will give permission. As far as I know, an announcement could be made by the end of this month. It can also go backwards. But I believe it is expected to be more likely to happen before the 3rd quarter of this year.
Title: Re: SEC is Leaning Towards Approving a Spot Ether ETF
Post by: Jeffy112 on May 23, 2024, 02:39:09 AM
Investors stand to benefit significantly from the potential approval of spot Ethereum ETFs by the SEC. With easier access to Ethereum investment products, a wider range of investors, including those who may be more comfortable with traditional investment vehicles like ETFs, can now participate in the growing Ethereum ecosystem. This increased accessibility can potentially drive more liquidity into the market and contribute to the overall growth and maturation of the Ethereum space.While the potential approval of spot Ethereum ETFs by the SEC presents opportunities, it also carries certain risks for investors to consider. One key risk is the inherent volatility of the cryptocurrency market, including Ethereum. Price fluctuations can be significant and sudden, leading to potential losses for investors. Additionally, regulatory uncertainty remains a concern, as the SEC's decision could impact the future of Ethereum ETFs and the broader cryptocurrency market. Furthermore, ETFs themselves carry risks such as tracking error, expense ratios, and market liquidity. Investors should carefully assess these risks and their risk tolerance before investing in Ethereum ETFs.
Title: Re: SEC is Leaning Towards Approving a Spot Ether ETF
Post by: hugeblack on May 23, 2024, 11:08:39 AM
Quote from: Jeffy112 on May 23, 2024, 02:39:09 AM
-snip-
I don't know if this is the AI bot's conclusion or your personal analysis, but as happened with Bitcoin, rumors of approval will lead to an increase in the price, and if they actually happen, we may see an increase of more than 20%, while problems such as tracking errors, expense ratios, and market liquidity are considered less important compared to things like unlimited Ethereum supply, POS, and how to manage smart contracts while maintaining low fees.
Title: Re: SEC is Leaning Towards Approving a Spot Ether ETF
Post by: NotATether on May 23, 2024, 03:20:19 PM
Quote from: hugeblack on May 22, 2024, 12:53:06 PM
I was following the price of Ethereum to see the reflection of this news on the market and to compare the results with what happened before the approval of the Bitcoin ETF. Yesterday, the price showed positivity towards this news and rose well, but today the price is stable and began to decline slightly, and therefore this news may be FUD as investors didn't put in more money. In general, let's wait until the end of the week to see how it turns out.

An Ethereum ETF approval will inevitably lead to a rise in the price of Bitcoin too. It is a collateral affect that will also spread to all sorts of altcoins as well. The bigger ones, that is, that aren't obvious pump and dumps or don't have any governance issues of their own.

Generally when people view the government's sentiment to crypto as good, they will make the price go up by buying coins.
Title: Re: SEC is Leaning Towards Approving a Spot Ether ETF
Post by: Faisal2202 on May 23, 2024, 07:29:45 PM
Quote from: TomPluz on May 22, 2024, 10:54:30 AM
Now, this can be a big and exciting news for all of us hoping for the approval of Ethereum ETFs in the market, alongside the recent approval by SEC for Bitcoin ETFs which catapulted BTC into greater heights. With the news, ETH made some big gains in the market as more and more buyers are now looking at the prospect of ETF and how it can surely push the asset to territories not seen before. Now, when all things are said and done, do you feel that ETFs for Ethereum will really be approved by SEC within this year?
Definitely, SEC will approve the ETH ETFs within this year because the final deadline they have given is within this year of 2024. The main question should be when they will approve it in 2024. Many guessed they won't approve it in this month, but after seeing the hype of ETH ETFs due to the election in USA I think they will definitely approve it.

As I read the news that Donald has already accepted crypto as he also introduced a platform for his supporters to support him with crypto, and considering the adoption rate and mostly the election Biden has also changes his mind and he might move forward in a positive way by accepting the ETH etfs, Although its just a polictal stunt, because ETH's ETF would still be approved if its not due to elections.