{"id":164969,"date":"2024-04-22T11:52:57","date_gmt":"2024-04-22T11:52:57","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=164969"},"modified":"2024-04-22T12:03:36","modified_gmt":"2024-04-22T12:03:36","slug":"sec-will-disapprove-ethereum-in-may-says-top-analyst","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/sec-will-disapprove-ethereum-in-may-says-top-analyst\/","title":{"rendered":"SEC Will Disapprove Ethereum ETFs in May, Says Top Analyst"},"content":{"rendered":"
TL;DR<\/p>\n
The U.S. Securities and Exchange Commission (SEC) is facing a crucial dilemma regarding the crypto industry; the decision on Ethereum<\/a> Exchange Traded Funds (ETFs),<\/strong> the second largest cryptocurrency in the market. Uncertainty surrounds whether the SEC will give the green light to these financial products in May. However, expectations are mostly negative.<\/strong><\/p>\n Nate Geraci, President of ETF Store, has expressed reservations about the likelihood of the SEC approving Ethereum ETFs in the short term. According to Geraci, the lack of dialogue between ETF issuers and the SEC could work against approval<\/strong>. Unlike the constant and arduous debates that preceded the approval of Bitcoin ETFs, discussions about ETH ETFs have been mostly one-sided, suggesting a latent lack of interest or commitment from issuers and regulators.<\/strong><\/p>\n Eerily quiet on spot eth ETFs\u2026<\/p>\n Consensus is SEC will disapprove in May. Reason = lack of engagement w\/ issuers.<\/p>\n Logic says that\u2019s correct, but also wonder if SEC learned lesson from clown show w\/ spot btc ETFs.<\/p>\n Either way, options are either A) approve or B) face lawsuit IMO.<\/p>\n — Nate Geraci (@NateGeraci) April 21, 2024<\/a><\/p><\/blockquote>\n\n