Fox reporter: Sources say that the SEC's current stance on the Ethereum spot ETF is "a forceful rejection."

2024-01-24 08:21:25

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ChainCatcher news, Fox reporter Eleanor Terrett posted on social media that reports regarding the potential approval timeline for a spot Ethereum ETF show a wide range of opinions from ETF issuers, investment management companies, and sources close to the U.S. Securities and Exchange Commission (SEC).

A Bitcoin spot ETF issuer that has an application for a spot Ethereum ETF stated that they are confident that the approval and smooth launch of the Bitcoin spot ETF will compel the SEC to approve the spot Ethereum ETF.

Another source told me that the SEC's current position is one of "strong rejection," and that there is "some internal resistance" to the idea at this time.

Another individual indicated that the listing of the Ethereum futures ETF and BlackRock's track record in obtaining ETF approvals make them believe that a spot Ethereum ETF could launch before the end of summer.

My understanding is: time and again, the ball is in the SEC's court. In the coming months, we will get some clues to see if SEC staff are closely examining the S-1 filings, just as they did with Bitcoin spot.

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U.S. SEC Ethereum Spot ETF

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