- 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.
My cautiously optimistic attitude for ETH ETFs has changed from recent months. We now believe these will ultimately be denied May 23rd for this round. The SEC hasn't engaged with issuers on Ethereum specifics. Exact opposite of #Bitcoin ETFs this fall. https://t.co/TyAzAOrAC5— James Seyffart (@JSeyff) March 19, 2024
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…
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