Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Bloomberg ETF Analyst: If the SEC can approve the BTC spot ETF, it will be a positive signal for the adoption of the ETH spot ETF

Bloomberg ETF Analyst: If the SEC can approve the BTC spot ETF, it will be a positive signal for the adoption of the ETH spot ETF

CointimeCointime2023/12/11 02:36
By:Cointime

On December 11th, James Seyffart, an ETF analyst at Bloomberg, replied on social media regarding the question of "how ETH staking will affect ETH ETF", stating that ETH staking ETF already exists in Europe and has slight structural differences from regular ETFs, but functionally it is absolutely feasible, such as AETH (21Shares Ethereum Staking ETP) launched by 21Shares. The problem is that there is no way to know how the US SEC will handle this issue or what they will allow.

When asked about the "possibility of approval for ETH spot ETF", James Seyffart said that it is very likely to be approved (although not as likely as BTC spot ETF), but if BTC spot ETF can be approved, this would be a positive sign for the approval of ETH spot ETF.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

DIA launches testnet for Lumina, a new modular oracle

Lumina introduces transparency and permissionless integration via an OP stack-based optimium, challenging traditional oracle designs

Blockworks2024/11/27 18:22

Non-USD stablecoins can spur adoption: Report

Cointelegraph2024/11/27 17:55

Are Charles Schwab spot crypto ETFs coming?

The conditions Charles Schwab is waiting for before jumping headfirst into crypto could take shape soon

Blockworks2024/11/27 17:55