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Ethereum ETF Optimism Drops As The SEC Delays Hashdex’s ETF Approval

Published 03/20/2024, 08:15 PM
©  Reuters Ethereum ETF Optimism Drops As The SEC Delays Hashdex’s ETF Approval

  • James Seyffart believes the SEC will ultimately deny the spot ETH ETFs by May 23.
  • Seyffart thinks the SEC hasn’t engaged with issuers on Ethereum specifics, unlike with Bitcoin ETFs.
  • Eric Balchunas also thinks ETH ETFs will be delayed but will eventually happen in the long term.

James Seyffart, a renowned ETF analyst, believes the U.S. Security and Exchange Commission (SEC) will ultimately deny the spot Ethereum ETF applications by May 23, 2024. In a recent post on X, Seyffart noted that his cautiously optimistic attitude towards ETH ETFs has changed recently. According to him, the SEC hasn’t engaged with issuers on Ethereum specifics, an exact opposite scenario to the Bitcoin ETFs this fall.

Seyffart stated his position after the SEC published a notice delaying the Hashdex Ethereum ETF application on March 19. He believes the SEC will publi…

The post Ethereum ETF Optimism Drops As The SEC Delays Hashdex’s ETF Approval appeared first on Coin Edition.

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