Summary
Eight potential issuers, including BlackRock, have filed with the SEC for a spot ether ETF. Final decision in May, experts predict applications won’t be approved regardless of ether’s nature.
Key Points
1. Eight potential issuers, including BlackRock, have submitted filings with the SEC to bring a spot ether exchange-traded fund (ETF) to the market.
2. The final decision by the regulator is due in May, with industry experts predicting that applications won’t get approved, regardless of what the SEC finds the nature of ether to be.
3. The approval of a spot ether ETF would have significant implications for the cryptocurrency market and could potentially attract more institutional investors to the space.