New York, NY, Monday, February, 19, 2024 – With the recent approval of Bitcoin spot exchange-traded funds (ETFs) in the United States many reports said that the next potential could be Ethereum spot ETFs by as early as May 2024. 1
Industry experts speculate that approval could potentially happen as early as May 2024, building upon the momentum established by Bitcoin ETFs.
This comes in the wake of BlackRock also hinting at going for Ethereum spot ETFs in mid-January. 2
Several applications for Ethereum spot ETFs are currently pending approval with the Securities and Exchange Commission (SEC).
The approval of Bitcoin spot ETFs, after years of regulatory delays, has opened a gateway for institutional investors to access Bitcoin within traditional investment structures.
As the second-largest cryptocurrency by market capitalization, Ethereum boasts a strong ecosystem of decentralized applications (dApps), non-fungible tokens (NFTs), and burgeoning DeFi activities.
Despite the positive outlook, concerns remain regarding regulatory clarity and potential market manipulation. The SEC has expressed concerns about the volatility and security of the crypto market, emphasizing the need for robust regulations before approving wider access.
- Ethereum: https://blockworks.co/news/ethereum-spot-etfs-sec[↩]
- Ethereum: https://www.coindesk.com/business/2024/01/16/blackrock-wants-to-follow-bitcoin-etf-with-an-ethereum-etf-marketing-it-might-not-be-so-simple/[↩]
