- Eric Balchunas is unimpressed with the SEC’s attitude toward the proposed Ethereum ETF.
- According to Balchunas, SEC staff not communicating with the ETF issuers is not a good sign.
- Balchunas observed a weak correlation between the Ethereum spot and future ETF.
Bloomberg’s Senior ETF Analyst, Eric Balchunas, is unimpressed with the attitude of the U.S. Securities and Exchange Commission’s (SEC) staff over the proposed Ethereum ETF. Balchunas expressed his opinion on the issue on X following the release of a memorandum by the SEC’s Division of Trading and Markets after meeting with Coinbase (NASDAQ:COIN) representatives.
Normally I'd say this was good sign but as far as I know the Staff has not given any comments yet to the issuers, which is not a good sign as we past when they gave comments on btc ETFs. Further, there's no court loss hovering over. And the correlations bt futures and spot isn't… https://t.co/AVMhL1QKGf— Eric Balchunas (@EricBalchunas) March 8, 2024
According to Balchunas, SEC staff not communicating with the ETF issuers is not a good sign for the proposal’s approval. He highlights it is a departure from the pattern leading to the recent Bitco…
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