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SEC Commissioner Says ETH ETFs May See Approval Without Going to Court

Published 01/24/2024, 05:45 PM
Updated 01/24/2024, 06:15 PM
© Reuters SEC Commissioner Says ETH ETFs May See Approval Without Going to Court

  • SEC Commissioner Hester Pierce said spot ETH ETF application may see approval without court intervention.

  • The commissioner said the regulator would apply similar consideration used for traditional ETFs to crypto funds.

  • BlackRock, VanEck, ARK 21Shares, Fidelity, and Grayscale are among ETH ETF applicants.

Hopes of an easier road to approval for spot Ethereum exchange-traded funds (ETFs) have risen following a statement from US Securities and Exchange Commission (SEC) commissioner Hester Pierce.

In an interview with Coinage posted on X (formerly Twitter), the commissioner stated that the regulator will take a different approach to spot Ethereum ETF applications. Importantly, she suggested issuers filing for the ETFs may see approval without relying on a court decision.

“We shouldn’t need a court to tell us that our approach is arbitrary and capricious in order for us to get it right. So I certainly hope that wouldn’t be the case,” she remarked. “That’s not how we’re going to do our approvals … I think that kind of a lesson will certainly stick with us.”

Instead, the commissioner suggested the SEC start treating spot crypto ETFs like traditional …

The post SEC Commissioner Says ETH ETFs May See Approval Without Going to Court appeared first on Coin Edition.

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