The anticipation for Ethereum exchange-traded funds (ETFs) is growing, especially after the successful rollout of Bitcoin ETFs earlier this year. However, hurdles remain on the path to Ethereum ETF onarpena, with the U.S. Securities and Exchange Commission (SEC) conducting thorough reviews with potential issuers.
Grayscale’s Push for Ethereum ETF
Grayscale, a prominent digital asset manager, persists in its efforts for a Spot Ethereum ETF despite regulatory challenges. Managing around $10.87 billion in its Ethereum Trust (ETHE), Grayscale has updated its registration through an S3 prospectus to transition ETHE to the NYSE Arca, making Ethereum more accessible to investors.
SEC’s Extended Review Timeline
The SEC has postponed its decision on Ethereum ETFs to June 11, 2024, citing the need for additional time to evaluate the complexities associated with these financial products.
BlackRock’s Steady Pursuit Amid Uncertainty
BlackRock remains committed to an Ethereum ETF, amending its application despite analyst skepticism about a favorable decision by the previously expected Maiatzaren 23 epemuga.
Industry Outlook and Reaction
Industry analysts express caution, with projections suggesting a low probability of approval by the May deadline. This uncertainty has sparked commentary within the financial community, reflecting a prevailing sense of skepticism about the imminent approval of Ethereum ETFs.
The deadline seems to be either May 23 or June 11, which one is more likely? And could we witness another deadline and a third date option?
Source: https://cryptoticker.io/en/ethereum-etf-approval-delay-cast-doubt-on-deadline