The U.S. Securities and Exchange Commission (SEC) is seeking public comment on three Ethereum spot ETFs, which has the crypto community concerned about a possible turning point. According to recent filings, the focus is on Fidelity, Grayscale, and Bitwise, each of which is vying for the opportunity to bring Ethereum into the mainstream financial market.
SEC seeks public input
Starting Tuesday, the SEC begins a 21-day public comment period to allow the public to participate in the regulator’s decision-making process and provide a transparent platform for dialogue and input.
Not optimistic about Ethereum ETFs?
Despite the progress, leading figures in ETF analysis, such as Bloomberg analyst Eric Balchunas, have lowered expectations for the ETF to be approved by May, from an initially optimistic 70% to a more cautious 30%. His colleague James Seyffart also weighed in on the discussion, specifically on Fidelity's filing, noting that the lack of new information in the filing and the SEC's silence did not bode well for approval.
(SEC postpones Ark, Hashdex Ethereum spot ETF, Bloomberg analysts: No longer optimistic about passing in May)
Taken together, the results of this consultation period could open a new chapter for Ethereum in the exchange market, or serve as a reminder of the challenges of integrating cryptocurrencies more deeply into the fabric of regulated financial markets.
(Consensys uses a technical perspective to explain to the SEC why the Ethereum ETF should be approved)
This article U.S. SEC calls for public input on Ethereum ETF for 21 days first appeared on Chain News ABMedia.
