The Ethereum (ETH) community continues to eagerly await news regarding the approval of a spot Ethereum exchange-traded fund (ETF), which is expected to take place in May.
However, speculation about the possibility of approval continues to rise as the U.S. Securities and Exchange Commission (SEC) remains remarkably silent on the matter.
The lack of concrete details about the approval process has further fueled the speculation, leaving investors and enthusiasts worried and expectant.
Bitcoin maximalists influence Ethereum spot ETF approval
In the Ethereum ETF spot debate, well-known figures from the cryptocurrency space have expressed their views.
Max Keiser, a well-known Bitcoin maximalist and advisor to the President of El Salvador, recently expressed skepticism about the SEC’s cautious approach to approving an Ethereum ETF.
Keiser, known for his staunch support for Bitcoin and skepticism of other cryptocurrencies, called Ethereum a “proof-of-stake scam” and suggested it lacked the regulatory backing needed for SEC approval.
Keiser tweeted: “The SEC was right not to approve the Ethereum (ETH) ETF, which was a proof-of-stake scam because it failed to meet all of the SEC’s requirements.”
Keiser’s views echo the conservative take of Bloomberg senior ETF analyst Eric Balchunas, who also recently expressed doubts about the chances of a spot ETH ETF receiving regulatory approval.
Balchunas estimated the probability of approval at just 25%, further fueling uncertainty surrounding the prospects for an Ethereum ETF.
Balchunas said on Twitter: "Regarding whether the Ethereum ETF can be approved, we only give it a 25% chance of approval, and in fact, this number is already quite pessimistic. The lack of interaction seems to be intentional, not procrastinating. No matter which angle you look at, there are no positive signs or information. While I personally hope they can approve it, the current situation does not look optimistic."
Additionally, VanEck CEO Jan Van Eck said he expects its Ethereum ETF application may be rejected due to delays in regulatory review and a lack of clarity from the SEC.
Spot ETH ETF Gains Overseas Regulatory Interest
Despite uncertainty surrounding the U.S. SEC’s stance on an Ethereum ETF, reports show a stark contrast in Hong Kong’s regulatory environment.
Hong Kong regulators may soon approve exchange-traded funds that invest directly in Bitcoin and Ethereum, according to Bloomberg, which could signal a potential shift in global regulatory attitudes toward cryptocurrency investment products.
If approved, these ETFs could provide investors with a new way to enter the digital asset market. Several of these companies are planning to launch their exchange-traded funds (ETFs) after regulatory approval from the Securities and Futures Commission. #以太坊ETF #交易所交易基金
