SEC Postpones Ethereum ETF Decision; VanEck CEO Anticipates Rejection
April 11, 2024The SEC has postponed its decision on Bitcoin and Ethereum ETFs until May 29.
VanEck CEO anticipates Ethereum ETF applications will likely be rejected by the SEC.
The regulatory process for Ethereum ETFs is more complicated than for Bitcoin, leading to delays and uncertainty.
The approval of Bitcoin ETFs does not guarantee the same outcome for Ethereum ETFs, as previously indicated by the SEC.
Ethereum's market price has experienced a recent decline and faces unpredictability amidst regulatory decisions and market corrections.
Despite Ethereum's current challenges, long-term price projections remain optimistic, with potential support from new Ethereum Mainnet developments.
Summary based on 26 sources
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Sources
International Business Times • Apr 10, 2024
Bitcoin ETF Issuers VanEck, CoinShares Pessimistic SEC Will Approve Ethereum ApplicationsCointelegraph • Apr 10, 2024
Ethereum ETFs will ‘probably be rejected’ — VanEck CEOCointelegraph • Apr 10, 2024
Ether ETFs will ‘probably be rejected’ in May — VanEck CEOCoin Edition • Apr 10, 2024
NYSE Options Trading for Bitcoin ETFs Put on Hold by SEC