The U.S. SEC Calls for Public Input on Ethereum ETF, Lasting 21 Days
The U.S. Securities and Exchange Commission (SEC) is seeking public opinion on three Ether spot ETFs, drawing attention from the crypto community and raising hopes for a potential turning point. According to recent application documents, the focus is on Fidelity, Grayscale, and Bitwise, all vying for the opportunity to bring Ether into the mainstream financial market.
Table of Contents
SEC Seeks Public Opinion
Starting this Tuesday, the SEC has initiated a 21-day public comment period to allow the public to participate in the regulatory decision-making process, providing a transparent platform for dialogue and opinions.
Ethereum ETF Not Looking Optimistic?
Despite some progress, key figures in the ETF analysis field, such as Bloomberg analyst Eric Balchunas, have lowered their expectations for ETF approval before May, shifting from an optimistic 70% to a more cautious 30%. His colleague James Seyffart also joined the discussion, especially regarding Fidelity's application, pointing out the lack of new information in the application documents and the SEC's silence as not a good sign for approval.
SEC Delays Ark, Hashdex Ethereum Spot ETFs, Bloomberg Analyst: Not Bullish on May Approval Anymore
In conclusion, the outcome of this consultation period may open a new chapter for Ethereum in the trading market or serve as a reminder of the challenges faced in further integrating cryptocurrencies into the regulated financial market fabric.
Consensys Provides Technical Perspective to SEC on Why Ethereum ETF Should Be Approved