Can the Ethereum ETF get SEC approval? What is the impact on the ETH market?
As early as January this year, when the Bitcoin spot ETF was approved by the SEC for listing, the market had expectations for the Ethereum spot ETF.
Among them, ARK invest was the first to submit an application for the Ethereum spot ETF to the SEC in September last year, followed by major financial institutions such as BlackRock and Grayscale.
ETF is a common investment tool that can trade funds on traditional financial exchanges like stocks for specific indexes or asset portfolios. The Ethereum ETF is a fund launched for the Ethereum cryptocurrency target. Buying and selling a certain share of the Ethereum ETF is equivalent to buying and selling the corresponding Ethereum assets. Like the Bitcoin ETF, the Ethereum ETF also has spot ETFs, futures ETFs, and hybrid ETFs.
Due to regulatory reasons, spot ETFs are more difficult to obtain approval, but because they can more directly enhance liquidity, they are more important to the crypto market. As the world's most important financial market, whether the Ethereum spot ETF can obtain SEC approval to be officially listed in the United States has become the focus of market attention and the inducement of market changes.
Once it is implemented, it will also be related to the progress of the Ethereum futures ETF and even other cryptocurrency ETFs. It is still unknown whether the SEC can make a ruling on the Ethereum ETF or ETF as scheduled, and Grayscale's withdrawal of the Ethereum ETF on the eve of the resolution has also added uncertainty. However, Hong Kong, one of the world's important financial centers, launched the Bitcoin spot ETF and Ethereum spot ETF on April 15 this year, which really shows us that cryptocurrencies are gradually gaining a friendlier, healthier and more sustainable development environment.
ETF is not the end, we have reason to believe that this market will be more prosperous in the future
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