Key industry players such as VanEck and CoinShares have expressed doubts that the U.S. Securities and Exchange Commission (SEC) will likely approve a spot on the Ethereum ETF. This concern stems from the uncertain regulatory environment and dynamic market trends in the cryptocurrency industry.
Mr. VanEck is active in the field of ETF and mutual fund investment. Their spot, Ethereum ETF permission. The SEC is expected to make a decision by May. VanEck's CEO, Jan Van Eck, gave a cautious outlook on acceptance during Paris Blockchain Week at this time. He said that given the current regulatory conditions and regulators' inaction regarding Ethereum, the application could be rejected.
CoinShares, another major player in the digital asset investment sector, had similar concerns.in interview, CEO Jean-Marie Mognetti hinted that an Ethereum ETF could be approved by the end of the year, saying it was highly unlikely. His doubts are based on Ethereum’s existing regulatory stance on the recently adopted proof-of-stake protocol.
Path to potential approval: regulatory hurdles
The SEC has set a deadline for spot proposals for Ethereum ETFs, and major companies such as BlackRock and Fidelity are expecting responses.This step follows the previous step Bitcoin ETF Authorization, created a precedent in the market. Nevertheless, the special nature of Ethereum, particularly its move to a proof-of-stake consensus mechanism, poses a unique set of regulatory issues.
The SEC is cautious, with Chairman Gary Gensler currently reluctant to take a clear position on Ethereum's regulatory status. Van Eck and coinshares Questions about the timeline for approval arise from this uncertainty.
Ethereum ETF: Market impact and investor sentiment
Despite the challenges faced by regulators, the Ethereum market has managed to remain resilient. ethereum price It's solid and close to $3,700. ETF approvals have been subject to a type of information containment that has led to market changes. However, doubts from major market participants such as VanEck and CoinShares cast a shadow over the near future of Ethereum ETFs.
Investors and market participants are closely monitoring this development as it not only expands their investment options, but also because if an Ethereum ETF is approved, it could impact the liquidity and price of Ethereum.
As the deadline for the SEC's decision approaches, the crypto and investment community is eagerly awaiting hints on the regulator's position. This decision will not only impact applicants like VanEck and CoinShares, but will also set a precedent for future crypto ETFs.
