Analyst Eric Balchunas said that spot Ether ETFs will be approved around July 4, suggesting that an earlier approval would be a long shot.
The Grayscale Ether fund (ETHE), which currently holds an AUM of $11 billion, could experience outflows if it follows GBTC's pattern.
The United States Securities and Exchange Commission (SEC) is on track to approve spot Ethereum ETF, a move that can drive price growth
The amendments filed by asset managers like BlackRock and Grayscale primarily address the removal of provisions related to staking.
Prometheum announced its intention to classify Ether as a security upon the launch of its custodial services.
Ethereum ETF proposal from ARK 21Shares has welcomed another major update as the duo has removed the staking option in the former
The Hong Kong Securities and Futures Commission (SFC) has approved the spot Bitcoin and Ethereum ETF products
The decision on spot ETH ETF filing by VanEck is scheduled for May 23, along with several other pending applications from major players.
Bitwise CIO expressed concerns about the readiness of the market for a spot Ethereum exchange-traded fund (ETF).
Consensys highlighted ETH's PoS implementation, adding that its security measures, which not only meet but surpass those of BTC's POW system.
Bitwise is not alone in its pursuit of a spot ETH ETF, other firms like Fidelity, Hashdex, and ARK 21Shares are also awaiting SEC's approval.
There are eight proposed spot ETH ETF applications awaiting approval by the SEC, with hopes lingering for other altcoins to follow suit.
Eric Balchunas stated that the SEC Chair Gary Gensler's stance on Ether as a potential hurdle as he views ETH as a security.
The London Stock Exchange encourages early engagement from issuers interested in introducing crypto ETNs to trading on the exchange.
This delay follows the initial postponement by SEC in January, shortly after approving several spot Bitcoin ETFs to go live.
Ethereum's Joe Lubin highlighted how crypto emerged during a time of controlled and centralized money, introducing decentralized trust.
Franklin Templeton seeks to stake Ether, the native token of the Ethereum blockchain, to generate additional income.
This is one of the multiple delays that the SEC can exercise across a 240-day period before making a decision on BlackRock's spot Ether ETF.
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