Crypto exchanges told SEC leaning towards approval of spot Ethereum ETFs: report
Securities and Exchange Commission staff told cryptocurrency exchanges it is leaning towards approving spot ether ETFs, according to a report in Barron’s.
Securities and Exchange Commission staff told cryptocurrency exchanges on Monday the agency is "leaning" towards approving spot ether ETFs, according to a report in Barron's , which cited anonymous sources.
"What changed is that SEC staff on Monday told exchanges where the products would list that it is leaning toward approving them, according to people familiar with the matter," according to Barron's. "The agency provided comments on the applications that, if resolved in time, could result in approvals as soon as this week."
On Monday, news that the SEC had perhaps changed its tune regarding spot ether ETFs shook the world of crypto and caused the price of ETH to surge. Bloomberg ETF analysts were the first to suggest that the U.S. government might do an about-face on the Ethereum-based products, given shifting political winds.
The first deadline for a slew of proposed spot ether ETFs is May 23, with VanEck's proposal up first.
RELATED INDICES
"Over the next few months, it has similar deadlines for filings by exchanges on behalf of firms including Ark Invest, 21Shares, Grayscale Investments, Fidelity, BlackRock, and Franklin Resources," Barron's also reported.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Daily: Binance launches pre-market spot trading, Caroline Ellison gets sentenced to two years in prison, Hamster Kombat teases roadmap and more
Binance has launched a pre-market spot trading service that uses “actual tokens.”Former Alameda CEO Caroline Ellison was sentenced to two years in prison for her role in the collapse of FTX.Hamster Kombat teased token buybacks, NFTs and the launch of a web app ahead of its highly-anticipated airdrop.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Australia Cracks Down on Crypto: New Regulations Aim to Shield Investors
Friday's end-of-month bitcoin options expiry could trigger significant market volatility: Deribit
Friday’s end-of-month bitcoin options expiry could significantly impact market volatility, according to Deribit CEO Luuk Strijers.Major cryptocurrencies, such as bitcoin and ether, have traded flat over the past 24 hours.
Telegram Wallet temporarily blocked for UK users due to restructuring
Trending news
MoreCrypto prices
More
