Industry experts have different views on when the Ethereum spot ETF will be listed. SEC Chairman Gary Gensler indicated in an interview with CNBC yesterday (5th) that the next stage of approval “will take some time,” suggesting that the SEC may delay or slow down the approval process for the Ethereum spot ETF.
(Antecedent:
Positive Signal》SEC requires issuers to submit S-1 amended documents by Friday, Ethereum spot ETF expected to be listed in June?
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(Background:
Why is the approval of the Ethereum spot ETF by the SEC a historic change? Over 3 billion USD worth of ETH withdrawn from CEX last week
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Table of Contents
SEC Chairman: The next step in Ethereum ETF approval “will take some time”
Analyst: Before the Ethereum spot ETF is listed, tens of billions of funds will preemptively position themselves
Strengthening enforcement stance on cryptocurrency exchanges
The U.S. Securities and Exchange Commission (SEC) approved the 19b-4 documents of multiple Ethereum spot ETFs on the 24th of last month, sparking market expectations for the SEC to approve S-1 registration statements and formal listing in the future.
Currently, industry experts have different opinions on the actual approval time. Cobo founder Discus Fish predicts the earliest possible listing in mid-June, Bloomberg analysts believe it will be early July, while JPMorgan estimates November.
Further reading:
Positive Signal》SEC requires issuers to submit S-1 amended documents by Friday, Ethereum spot ETF expected to be listed in June?
SEC Chairman: The next step in Ethereum
ETF approval “will take some time”
However, just yesterday (5th), SEC Chairman Gary Gensler stated in an interview with CNBC that the subsequent steps for approving the Ethereum spot ETF by the SEC will still “take some time,” indicating that the approval process for the S-1 registration statement may proceed slowly.
Analyst: Before the Ethereum spot ETF is listed, tens of billions of funds will preemptively position themselves
However, this news is not entirely unfavorable to Ethereum. Zaheer Ebtikar, co-founder of the cryptocurrency hedge fund Split Capital, previously stated that if the SEC delays the listing of the Ethereum spot ETF, it could actually be beneficial for short-term ETH price increases because it would give market participants time to acquire ETH before potential inflows from the ETF.
This aligns with the views of eToro analyst Simon Peters, who stated:
In addition, Gensler explicitly stated in the interview that even if cryptocurrency exchanges provide necessary disclosures, they could still face regulatory actions if they engage in “market manipulation.” He further explained:
Gensler added that most cryptocurrency companies have not fully disclosed information to date and have engaged in activities that traditional exchanges are not allowed to do by law.
This indicates that under Gensler’s leadership, the SEC’s enforcement stance is unlikely to change. Since the closure of the cryptocurrency exchange FTX, the SEC has intensified its crackdown on the digital asset industry and has filed lawsuits against companies like Ripple, Coinbase, Binance, and Kraken.
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