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Crypto Lawyer Remains Pessimistic About Ethereum ETF Launch This Year

Published 03/03/2024, 04:27 PM
Updated 03/03/2024, 04:45 PM
© Reuters.  Crypto Lawyer Remains Pessimistic About Ethereum ETF Launch This Year

  • Crypto lawyer Jake Chervinsky shares pessimistic views about the Ethereum ETF launch this year.
  • Chervinsky points out the SEC’s political pressures that could negatively impact the ETF approval.
  • According to him, the asset managers will withdraw their applications if the SEC necessitates it.

The potential Ethereum exchange-traded fund (ETF) approval has been the talk of the town over the past few months, especially following the Spot Bitcoin ETF launch. While many remain optimistic about the imminent launch, Jake Chervinsky, a prominent crypto lawyer, shared his pessimistic views.

The leading players in the industry, including BlackRock, Fidelity, Grayscale, VanEck, Ark and 21Shares, Invesco and Galaxy, Hashdex, and Franklin Templeton, have submitted their applications for the Ethereum ETF launch. Despite the Securities and Exchange Co…

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