Alex Dovnya
According to a recent report, the debate over Ethereum ETFs was one-sided
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Probability that Ethereum exchange-traded fund (ETF) will be approved in May this year stay lowsays Eric Balchunas, a leading ETF analyst.
According to a recent report from Barron's, multiple ETF issuers have met with the SEC regarding Ether ETFs. However, regulators have not yet provided the necessary feedback to these companies.
The SEC “back and forth” agreed to approve a Bitcoin ETF earlier this year. However, according to a recent report in Barron's, there is no intention to actively engage with ETF issuers this time around, and discussions are largely one-sided.
The SEC is expected to provide comments on a number of Ethereum ETF applications to advance the approval process. But so far, they have refused to provide any feedback in private talks based on recent reports. “Silence is violence,” Balciunas pointed out.
In March, the SEC postponed decisions on multiple Ethereum ETF applications, including one from financial giant BlackRock.
as U.Today reportedBloomberg's ETF experts previously estimated that the chance of an Ethereum ETF being approved in May was only 25%.
Last week, regulators finally sought comment on the filings by BlackRock and other companies.
The Ethereum ETF proposal faces multiple headwinds, from pressure from Congress to increased scrutiny of the regulatory status of the largest altcoins.
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Alex Dovnya
