Ethereum ETF Greenlight Signals Path for More Crypto Investment Funds: TD Cowen
The recent approval of Ethereum exchange-traded funds (ETFs) has opened the doors for more crypto investment products, according to research from TD Cowenâs Washington Research Group.
While the speed of approval caught some off guard, the research group viewed it as an inevitable outcome following the approval of Bitcoin ETFs earlier this year.
Jaret Seiberg, a member of TD Cowenâs team, noted that the Ethereum ETF approval came about six months earlier than expected but was predictable after the Securities and Exchange Commission (SEC) gave the green light to crypto futures ETFs.
ETFs Including Basket of Crypto Tokens Could Come Next
Seiberg further suggested that within the next year, we could see investment offerings that include a âbasket of crypto tokens,â encompassing Bitcoin and Ùther, and potentially even more.
However, the approval of Ethereum ETFs does not indicate a broader shift in the SECâs stance on cryptocurrencies.
SEC Chair Gary Gensler, known for his critical stance on the crypto industry, issued a critical statement regarding the passage of crypto legislation that could potentially diminish the agencyâs authority.
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Cryptonews Ethereum News Ethereum ETF Greenlight Signals Path for More Crypto Investment Funds: TD Cowen
Ethereum ETF Greenlight Signals Path for More Crypto Investment Funds: TD Cowen
Ruholamin Haqshanas
Ruholamin Haqshanas
Last updated: May 26, 2024 12:00 EDT | 2 min read
Ethereum ETF Greenlight Signals Path for More Crypto Investment Funds: TD Cowen
The recent approval of Ethereum exchange-traded funds (ETFs) has opened the doors for more crypto investment products, according to research from TD Cowenâs Washington Research Group.
