Ethereum (ETH) exchange-traded fund (ETF) anticipation among traders has increased in the past few weeks, but the consensus on social media platform X is that an Ether ETF is likely to get rejected by the US Securities & Exchange Commission (SEC).
XRP and Litecoin ETFs are likely to get approved before an Ethereum option. Valkyrie Funds CIO Steven McClurg said he believes that Ethereum is a security. McClurg claims that SEC is likely to reject Spot Ethereum ETF. Ethereum exchange-traded fund anticipation among traders has increased in the past few weeks, but the consensus on social media platform X is that an Ether ETF is likely to get rejected by the US Securities & Exchange Commission .
Coinbase Derivatives recently announced their plans to launch Commodity Futures Trading Commission approved futures contracts for Dogecoin, Litecoin and Bitcoin Cash on April 1. This further supports the thesis of a Litecoin ETF receiving the greenlight from the SEC. Terret tweeted the gist of her fireside chat with Valkyrie Funds’ Chief Information Officer Steven McClurg. McClurg said that the SEC is likely to treat Ether as a security and reject a Spot ETH ETF.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spot Ethereum ETF approval has 'no positive signs,' says ETF expertBloomberg Senior ETF Analyst Eric Balchunas believes that the odds of an ether ETF garnering approval are 'a very pessimistic 25%.'
Read more »
CoinShares Acquires Valkyrie ETF Business: DetailsCoinShares veers into spot Bitcoin ETF scene with Valkyrie takeover
Read more »
XRP Nets $1.5 Million in Fund Flows Amid ETF BoomXRP rides ETF wave, netting $1.5 million in fund flows, signaling surge in investor interest
Read more »
XRP ETF Coming? Uphold Research Lead Drops HintUphold's research lead drops tantalizing hint, sparking renewed speculation: Could XRP ETF be on horizon?
Read more »
Mysterious 300 Million XRP Move From Binance Sparks SpeculationMassive 300 million XRP transfer only cost fee of 0.00001 XRP
Read more »
Millions of XRP Suddenly Exit Major Exchange as XRP Price Goes UpMillions of XRP suddenly leave Binance amid XRP price surge
Read more »