Summary
The US Securities and Exchange Commission is expected to allow ETFs to hold Ethereum in May, according to Standard Chartered. The deadline for ETF applications from VanEck and Ark 21Shares is May 23, making them the first to face the final deadline.
Key Points
1) The US Securities and Exchange Commission is expected to permit exchange-traded funds (ETFs) to include Ethereum cryptocurrency holdings.
2) Standard Chartered Plc. predicts that May 23 is the deadline by which the SEC must review ETF applications from VanEck and Ark 21Shares, making them the first asset managers to face the final deadline.
3) The decision to allow ETFs to hold Ethereum could have significant implications for the cryptocurrency market and further legitimizes its status as a mainstream investment option.