Summary
US spot ether ETFs are likely to be approved by the SEC, but regulatory delays are expected due to the complexity of the decision. The SEC previously approved spot bitcoin ETFs and is now considering ether ETFs, but the decision may be stalled. Industry executives believe that ether ETF approval is inevitable, but it may take time. The SEC’s lack of engagement with issuers may indicate potential denials in May. There is uncertainty surrounding whether ether is classified as a security or a commodity, which could impact the SEC’s decision on ether ETFs. Prospective ether ETFs are adding language about staking assets, which could further complicate the approval process.
Key Points
1. US spot ether ETFs are expected to be approved in the future, but regulatory deliberation may cause delays in approvals.
2. The SEC is set to rule on ether ETF proposals by May 23, after delaying their decision on several applications.
3. Industry experts believe that the approval of spot ether ETFs is inevitable, citing the approval of bitcoin futures ETFs and the correlation between the regulated market for Ethereum and the spot market as evidence.