Summary
Executives at Ark Invest and 21Shares have differing views on the approval of spot ether ETFs, with Ark Invest CEO Cathie Wood believing the probability is decreasing. The SEC previously approved spot bitcoin ETFs, and industry watchers expect a decision on spot ether proposals in May. Staking of assets in the planned funds may be a sticking point for approval. BlackRock also has a spot ether ETF proposal in front of the SEC.
Key Points
1. Executives have differing views on the approval of spot ether ETFs in the near term, with Ark Invest CEO Cathie Wood suggesting a decrease in probability for approval in May.
2. The SEC approved 10 spot bitcoin ETFs in January, with one of the main reasons being a legal victory by Grayscale over the SEC last year.
3. While some believe that staking in ether ETF proposals could be a sticking point for the SEC, others, like 21Shares co-founder Ophelia Snyder, are less bearish on the approval of spot ether ETFs due to the consistency in filings and documentation with bitcoin ETFs.