LIVEđ„đ„Ethereum ETF Approval is Awaiting. You can also read my views on ETH ETF Approval in the article.
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It is Possible that the SEC Will Speed Up the Process
Johnsson believes that the SEC has accelerated the Bitcoin #ETF approval process and may approve Ethereum ETFs at a similar pace. As the decision deadline of May 23 is approaching, there is an expectation that approval may come quickly due to the readiness of the regulatory floor.
However, Johnsson is taking a cautious approach that the SEC may delay the process.
Acknowledges that the SEC may make changes to the interpretation and 19b-4 approval processes.
Bloomberg ETF analyst James Seyffart suggests that the SEC may not need much time to approve #Ethereum ETFs and attributes the current silence to an accelerated process.
Different Opinions For the Approval Process
The demand for Spot Ethereum ETFs is increasing as large companies apply to the SEC. Companies such as Fidelity, Invesco and BlackRock have submitted applications reflecting this demand.
Some industry experts, especially Valkyrie's Chief
Investment Officer Steven McClurg, have indicated that the approval process May be delayed beyond May 2024, but they are confident that approval will eventually come. Ripple CEO Brad Garlinghouse is also optimistic that ETFs for other cryptocurrencies besides Bitcoin will be approved and launched over time.$ETH
