Summary
TLDR: Look at how ETFs were approved in other regions like Canada for insight on potential approval of an ether ETF soon. Over 11 cryptocurrency ETFs have been approved there, including an ether-staking ETF, indicating a possible approval in the future.
Key Points
1. The first spot bitcoin ETF was approved in Canada in early 2021, followed by approval of ether ETFs a few months later.
2. Currently, there are over 11 ETFs related to cryptocurrencies, including a mixed cryptocurrency ETF and an ether-staking ETF.
3. Looking at how regulatory approvals of ETFs transpired in other regions can provide insights into potential approval of an ether ETF.