Insiders expect the SEC to deny spot Ethereum ETF applications, citing unproductive meetings and a lack of engagement on the agency's part.
The post SEC likely to reject Ethereum spot ETF applications, insiders say appeared first on Crypto Briefing.
Ethereum ETF hopefuls face a tense countdown to the SEC's May deadline, with possible legal confrontations on the horizon.
Defiance ETFs files for a 2x leveraged Ethereum futures ETF with the SEC, aiming for investor exposure to Ethereum's price movements.
While the S&P 500 dips in average dividend payouts, crypto staking rewards continue to surge with the highest reward returning 84.19% per year.
BlackRock CEO believes an Ethereum spot ETF could be viable even if the SEC wants to classify Ethereum as a security.
Senior Bloomberg ETF analyst Eric Balchunas says the chances of an ETH ETF approval grow slimmer every day the SEC maintains its radio silence with prospective fund issuers.
The price of ether, the native token to the Ethereum network, rose past $3,000 for the first time since April 2022 on Monday, continuing a recent hot streak.
One XRP price metric hints at a 50%-plus price decline for the cryptocurrency in the coming months.
“We shouldn't need a court to tell us that our approach is arbitrary and capricious for us to get it right,” said SEC Commissioner Hester Peirce.
The SEC has pushed back its decision on a roster of Ethereum ETFs, with the final date for a potential approval arriving in late May.