Spot Ethereum ETF Approval: How Long Will US SEC Maintain Silence? 🚨

Commission (SEC) is really putting the issuers of spot Ethereum ETFs on the edge of their seats while making them wait for longer. Moreover, the ETH bulls are also waiting for a major Ethereum price rally following the approval process.

Nate Geraci Predicts Timeline for Ethereum ETF Approval

ETF Store President Nate Geraci recently shared his observations of the SEC’s approach towards the spot Ethereum ETFs review process. Geraci stated that the US SEC seems to be treating the spot Ethereum ETF S-1 filings in a manner similar to the 19b-4 forms, thereby maintaining a high level of secrecy in the matter.

Despite the silence, Geraci believes that the approval shall happen by the next week. “I still think approval is likely next week. There is absolutely no reason for the delay,” he said.

The SEC is repeating the same mistake this time as it did with the spot Bitcoin ETFs, said Geraci while quoting SEC Commissioner Hester Pierce. Back then Pierce said: “Had these products come to market in the way other comparable products typically have, we would have avoided the circus atmosphere in which we now find ourselves.”

Bloomberg’s ETF strategist Eric Balchunas also commented on the SEC’s lack of action regarding the Ethereum ETFs. He said that there’s been no communication throughout this week after the issuers submitted S-1 forms on Monday. This leaves the issuers puzzled over the delay.

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