Spot Ether ETF Applications Decisions Delayed by SEC

[jrrsparkles]

The U.S. Securities and Exchange Commission delayed an application by Grayscale Investments to convert its Ethereum trust product (ETHE) into an exchange-traded fund (ETF). One day earlier, the agency did the same regarding BlackRock's application for a similar vehicle.

Spot Ether ETF Applications Decisions Delayed by SEC

This is not surprising at all but do you see SEC has no option to approve the ETF applications now? Because the bitcoin ETFs are already live or they can still reject it due to the nature of PoS mechanism, anything else?

[Orpichukwu]

There are definitely reasons why they must extend the decision date; maybe they don't have sufficient votes to pass the judgement or they are trying to see if the application meets its standard.
 
It can only get delayed, but for bitcoin ETF to be approved, it's bringing a lot of potential for other creditable altcoins to also gain ground. Bitcoin ETF approval was all they needed, so ETH's own might be delayed, but they will definitely get through it and it will get approved; it's just a matter of time.

[ryzaadit]

Even is getting approved, did you still believe and using (SEC) news.

We already got multiple news about (SEC) and other things on Crypto-Space. Banned, rejected and other same things like news (CHINA-BAN-CRYPTO). To be honest, people don't relly care at all with these one especially from (SEC)

Remember, last time they got hacked and make people losing. The credibility is lose, no one care at all.

[Vincom]

This is not surprising at all but do you see SEC has no option to approve the ETF applications now? Because the bitcoin ETFs are already live or they can still reject it due to the nature of PoS mechanism, anything else?

I think it's normal for the SEC to delay the ETH spot ETF, because unlike BTC, the legal status of ETH is not really clear and is not considered a commodity by the SEC. And the SEC has never said ETH is a security, Gary Gensler always evaded questions about ETH in congress 

Anyway, the SEC has approved the ETH futures ETF, which hints at the approval of the ETH spot ETH. I think it's just a matter of time: the SEC will probably approve all ETH spot ETFs by some future deadline, similar to how the SEC approved the BTC spot ETF.

[jrrsparkles]

Even is getting approved, did you still believe and using (SEC) news.

We already got multiple news about (SEC) and other things on Crypto-Space. Banned, rejected and other same things like news (CHINA-BAN-CRYPTO). To be honest, people don't relly care at all with these one especially from (SEC)

Remember, last time they got hacked and make people losing. The credibility is lose, no one care at all.

The reality says other wise, look at the BTC price, it surged from 33K to over 44K just because the spot BTC ETF is going to be approved this time so people really use this trend to move the market but after etf accepted the big players dumped their BTC stake which is different but the speculation of ETF approval still has weight in the market trend for cryptos.

[slashz9]

There are definitely reasons why they must extend the decision date; maybe they don't have sufficient votes to pass the judgement or they are trying to see if the application meets its standard.
 
It can only get delayed, but for bitcoin ETF to be approved, it's bringing a lot of potential for other creditable altcoins to also gain ground. Bitcoin ETF approval was all they needed, so ETH's own might be delayed, but they will definitely get through it and it will get approved; it's just a matter of time.

Besides that, there are other reasons, perhaps which are not known to the public, but people are thinking about it, because this approval can certainly change the market situation directly, so making it a little delayed is also their idea.

[Sayeds56]

The U.S. Securities and Exchange Commission delayed an application by Grayscale Investments to convert its Ethereum trust product (ETHE) into an exchange-traded fund (ETF). One day earlier, the agency did the same regarding BlackRock's application for a similar vehicle.

Spot Ether ETF Applications Decisions Delayed by SEC

This is not surprising at all but do you see SEC has no option to approve the ETF applications now? Because the bitcoin ETFs are already live or they can still reject it due to the nature of PoS mechanism, anything else?

It is indeed no surprise that spot ETF of Ethereum has been delayed, however, I am cautiously optimistic that eventually it will receive approval, specially considering that major financial institution are involved. It is important to note that during the process of approval, the price of Ethereum may experience volatility, presenting numerous opportunities for investors to acquire Ethereum at an attractive price to gain substantial profit in future.

[batang_bitcoin]

This is not surprising at all but do you see SEC has no option to approve the ETF applications now? Because the bitcoin ETFs are already live or they can still reject it due to the nature of PoS mechanism, anything else?

Yeah, it's not going to be surprising anymore if SEC goes with these delays for the ETH spot ETFs. That's the usual move from the SEC and I think that I'll just wait for the bull run and will ignore these approvals because whether we like it or not, it's likely that they'll approve it soon.
And as for the bull run, it's imminent to see the movement of Bitcoin goes very well and that the market will do very well especially for cryptos like ETH.

[tsaroz]

The U.S. Securities and Exchange Commission delayed an application by Grayscale Investments to convert its Ethereum trust product (ETHE) into an exchange-traded fund (ETF). One day earlier, the agency did the same regarding BlackRock's application for a similar vehicle.

Spot Ether ETF Applications Decisions Delayed by SEC

This is not surprising at all but do you see SEC has no option to approve the ETF applications now? Because the bitcoin ETFs are already live or they can still reject it due to the nature of PoS mechanism, anything else?

US is a market economy and when something huge as blackrock are into it, I don't think the SEC have enough power to resist it unless it's illegal or fundamentally wrong. The legality of PoS could be a new thing to define with current laws, the authority might have to step in to facilitate the legal hurdles and could take some time but they'll certainly be working to solve it as quick as possible.  There's no basis on stopping Ether ETF when Bitcoin ETF is already live.

[rodskee]

The U.S. Securities and Exchange Commission delayed an application by Grayscale Investments to convert its Ethereum trust product (ETHE) into an exchange-traded fund (ETF). One day earlier, the agency did the same regarding BlackRock's application for a similar vehicle.

Spot Ether ETF Applications Decisions Delayed by SEC

This is not surprising at all but do you see SEC has no option to approve the ETF applications now? Because the bitcoin ETFs are already live or they can still reject it due to the nature of PoS mechanism, anything else?

If my memory serves me right , How many times did the sec delayed the Bitcoin ETF  so what can
we expect to Ethereum ETF now when we have just got bitcoins this month , some says it will happen in MAY
2024 but I don't think this will happen that soon , instead it will take longer than that .

Even is getting approved, did you still believe and using (SEC) news.

We already got multiple news about (SEC) and other things on Crypto-Space. Banned, rejected and other same things like news (CHINA-BAN-CRYPTO). To be honest, people don't relly care at all with these one especially from (SEC)

Remember, last time they got hacked and make people losing. The credibility is lose, no one care at all.

The reality says other wise, look at the BTC price, it surged from 33K to over 44K just because the spot BTC ETF is going to be approved this time so people really use this trend to move the market but after etf accepted the big players dumped their BTC stake which is different but the speculation of ETF approval still has weight in the market trend for cryptos.

well if that's the case so now we are in waiting time about if ETH will have same faith to what
Bitcoin ETF brings to the market.

[btc78]

Bitcoin ETF approval came a long time everyone waited for SEC to make their decision and everyone was quite confident that it would get approved because of Bitcoin’s status as the top cryptocurrency just imagine how hard it would be for SEC to approve other altcoins if it took them so long to approve bitcoin they are saying that they are still analyzing carefully of course we can assume that they are trying their best to make sure that not all altcoins can just get pass through although we know that aside from Bitcoin, Ethereum is one of the most established and well-trusted cryptocurrencies out there

[dimonstration]

This is not surprising at all but do you see SEC has no option to approve the ETF applications now? Because the bitcoin ETFs are already live or they can still reject it due to the nature of PoS mechanism, anything else?

Bitcoin is has a significant difference than ETH not only because of its protocol but rather ETH is more prone on manipulation since there’s an active founder that can influence on the project development and also still holding huge chunk of coin. I really doubt that Ethereum can get a special treatment like Bitcoin now that they are already on PoS which means whale holders can give a huge impact on the project future.

Bitcoin takes a lot of years before it finally gets the Spot ETF approval. I’m sure ETH will experience that long battle first before they get the spot ETF because the risk is the main factor which SEC is considering for the ETF approval.

[cryptoknightt]

Even is getting approved, did you still believe and using (SEC) news.

We already got multiple news about (SEC) and other things on Crypto-Space. Banned, rejected and other same things like news (CHINA-BAN-CRYPTO). To be honest, people don't relly care at all with these one especially from (SEC)

Remember, last time they got hacked and make people losing. The credibility is lose, no one care at all.

but whales can use this news to move the market, in fact their words are only for other parties to use.
or the SEC also takes part in this situation and adjusts the conditions.
trader also think like that i guess,because every possibility could happen

[Fundamentals Of]

I think the fate of Ethereum spot ETF is different with Bitcoin's. Although the applicants are the same powerful financial companies that applied for a Bitcoin spot ETF earlier and got what they wanted, it doesn't mean the SEC would also be approving their Ethereum spot ETF applications. Bitcoin and Ethereum are different to begin with. They're not the same. That Ethereum began with an ICO could mean the developers and the team were selling unregistered securities. This could be a heavy factor for a rejection. Bitcoin's design was different from Ethereum's.

[bluebit25]

This is not surprising at all but do you see SEC has no option to approve the ETF applications now? Because the bitcoin ETFs are already live or they can still reject it due to the nature of PoS mechanism, anything else?

It's just a matter of time, I think there's already a thread about this. Actually, from now until the deadline, we will witness many different dramas, and those who are really attached to that event can abuse it to create a price manipulation around it. But let's be honest, ETH is strong enough and will be approved like Bitcoin, PoS is not a barrier but the exaggeration of the news is only part of the drama. Let's wait and see when ETH surpasses the price milestones of $5000, $10000,... in the future, people won't care much about the issue. Skepticism about crypto always exists, and those who overcome it, I think they also have their basis, I just recall a little bit about when bitcoin once dropped to $25000, people reacted and speculated. What is it up to now? And the story will be similar with ETH, we will see that volatility can be very volatile and filled with doubt.

[jrrsparkles]

Even is getting approved, did you still believe and using (SEC) news.

We already got multiple news about (SEC) and other things on Crypto-Space. Banned, rejected and other same things like news (CHINA-BAN-CRYPTO). To be honest, people don't relly care at all with these one especially from (SEC)

Remember, last time they got hacked and make people losing. The credibility is lose, no one care at all.

The reality says other wise, look at the BTC price, it surged from 33K to over 44K just because the spot BTC ETF is going to be approved this time so people really use this trend to move the market but after etf accepted the big players dumped their BTC stake which is different but the speculation of ETF approval still has weight in the market trend for cryptos.

well if that's the case so now we are in waiting time about if ETH will have same faith to what
Bitcoin ETF brings to the market.

If it is delayed by May then its more good news for the ETH holders because the halving event and this news can act as the perfect catalyst for ETH price to surge more than ever but the price has been stagnant for years hopefully this time the holders of Ethereum can make some money and cashout their profits to invest on Bitcoin or any other decentralized cryptocurrency.

[Volimack]

There are definitely reasons why they must extend the decision date; maybe they don't have sufficient votes to pass the judgement or they are trying to see if the application meets its standard.
 
It can only get delayed, but for bitcoin ETF to be approved, it's bringing a lot of potential for other creditable altcoins to also gain ground. Bitcoin ETF approval was all they needed, so ETH's own might be delayed, but they will definitely get through it and it will get approved; it's just a matter of time.

Besides that, there are other reasons, perhaps which are not known to the public, but people are thinking about it, because this approval can certainly change the market situation directly, so making it a little delayed is also their idea.

Agreed many feel that changing market patterns can cause problems because ETFs incur an additional cost in the form of management fees. But it will not have any effect on the market. There are plenty of reasons to look forward to the recent deals with bitcoin ETF applicants even if long term history shows the commission hasn't always taken a favorable stance on crypto.

[Sophokles]

At least it is not rejected, which is good news. They will eventually approve the Ethereum ETF as well, and until then, investors will speculate about the price. I am not sure how long it will take, but it is a surprise that the ETH price is still under $2500, and I think the ETH rally will surprise everyone in the short term, like it did with the bitcoin rally. Bitcoin rallied from 28k to 48k due to bitcoin ETF speculation, and as soon as the news release was made, people started to book their profits, which kept the price steady at a certain level.

[Bureau]

If it is delayed by May then its more good news for the ETH holders because the halving event and this news can act as the perfect catalyst for ETH price to surge more than ever but the price has been stagnant for years hopefully this time the holders of Ethereum can make some money and cashout their profits to invest on Bitcoin or any other decentralized cryptocurrency.

Bitcoin ETF approval did not act as a catalyst for Bitcoin price and went down after the approval. The speculation of ETF approval is a catalyst to the Bitcoin price and the same can be accepted for Ethereum. The problem is with the Ethereum protocol which is POS and the SEC has already filed a lawsuit against Ethereum staking. Unless the lawsuit gets resolved SEC won't approve the ETF and will keep it pending. If they approve it they are destroying their case and they know they cannot do it for that reason.

[Bushdark]

This would be approved but not immediately just like what happened roo before the Bitcoin ETF was approved.
The SEC need some time to figure how things and establish some regulations that would help the organization to watch closely at what the firm that would be approved will hunt like. Lets keep waiting for when it is going to be approved because the time is still there for things to gain fast approval. Surely Ethereum ETF will come to reality and it would help the price of Ethereum to do better.