Has Ether Been Classified as a "Security"? Ethereum Co-founder: The U.S. SEC "Deliberately" Impedes Approval of Spot ETF
Ethereum co-founder Joseph Lubin stated that the U.S. SEC does not want Ether to disrupt the banking industry.
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Ethereum co-founder Joseph Lubin stated that the U.S. SEC does not want Ether to disrupt the banking industry.
Justin Sun and analysts discuss the SEC's reluctance to approve an Ethereum ETF, citing ongoing regulatory hesitations and the need for broader crypto education.
On April 25, Reuters reported that the U.S. SEC will reject the Ethereum spot ETF application next month.
SEC likely to reject spot Ethereum ETFs, contrasting with Bitcoin ETF approvals. Lack of engagement and concerns about market data quality cited. VanEck CEO expects initial rejection for both VanEck's and ARK Invest's applications.
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Ethereum outperforms Bitcoin with a 98% annual gain, driven by its proof-of-stake shift, scarcity, expanding ecosystem, and growing institutional adoption, positioning it as the future of cryptocurrency.
The approval of a Bitcoin ETF has many optimistic about the possibility of an Ethereum spot ETF launching soon, but experts warn it could be a lengthy process.
QCP Capital report suggests Ethereum may outperform Bitcoin with the potential approval of an ETF. Market dynamics, including the 2024 US election and recent Bitcoin ETF approval, contribute to the evolving crypto narrative.
I believe that there is a high probability that the door will be opened for more institutions to enter the market, such as the Ethereum ETF, which is highly anticipated by the industry.