Ether ETF Approval Would Come Easier Than Bitcoin ETF’s : SEC Commissioner Hints
SEC Commissioner Pierce signals an easier path for Ethereum ETFs, matching Bitcoin's success.
US SEC Commissioner Hester Pierce has hinted at an easier approval for Ethereum ETFsin a Coinage interview. She suggests these ETFs might get approved without a court decision.
Pierce has made it clear that she wants the SEC to treat crypto ETFs like traditional funds, applying the same standards without the need for court intervention. This approach is different from how they've handled it before.
The crypto market is buzzing about a possible Ethereum ETF, especially after the launch of Bitcoin ETFs in the US. Ethereum is seen as having similar regulatory clarity as Bitcoin.
Despite this excitement, there were worries about Ethereum ETFs facing regulatory hurdles. But Pierce's comments indicate a smoother approval process might be possible.
Spot Ether ETF applicants include big names like BlackRock and Fidelity. They are all hoping for SEC approval.
Fox journalist Eleanor Terret also shares this optimism about Ethereum ETFs. A BTC spot issuer is confident about getting approval for their ETH ETF application, inspired by the successful Bitcoin ETF launch.
