Former SEC Chairman: Approval of Ethereum ETF Trading is "Inevitable"
PANews reported on May 25 that according to The Block, former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton stated that the approval of an Ethereum spot ETF listing is a good sign for these products, and the registration statement and trading approval will be "inevitable." However, there are still some tricky issues surrounding the product. Clayton pointed out that the approval of an Ethereum ETF is a two-step process, with the listing approval completed yesterday, but the product approval itself is still pending. When comparing the approval differences between Ethereum ETFs and Bitcoin ETFs, Jay Clayton mentioned that the underlying cryptocurrencies have different answers regarding whether they are considered securities or commodities.
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
Discover Qubetics Ahead of the Upcoming Presale with AI-Driven Smart Contracts and User-Friendly QubeQode IDE
Toncoin (TON) Traders Eye Bearish Shift: 2 Signs of a Price Drop to Watch Out For
VeChain’s Path to $2: Analyst Suggests October Might Be the Breakout Month for VET
BlackRock Recommends 84.9% Bitcoin in Portfolios for Higher Potential Growth