The cryptocurrency community is abuzz with speculation and developments surrounding the potential approval of Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC). A tweet raised the question of whether an Ethereum ETF had been approved, reflecting the high anticipation in the market. Defiance Investments has applied to the SEC for a 2x leveraged Ethereum futures ETF, with potential trading to start as late as June. Meanwhile, discussions between several ETF issuers and the SEC have been described as one-sided, with the SEC not providing the feedback necessary for companies to finalize their products, with a critical deadline approaching on May 23rd. Grayscale's Ethereum trust saw a significant jump of 16.44%, indicating market optimism or insider knowledge about the approval process. However, the overall sentiment is tempered by skepticism, with CNBC and other sources noting the challenges posed by Bitcoin ETF issuers to the approval of Ethereum ETFs. The VanEck CEO has been quoted suggesting a probable rejection of a spot ether ETF in May, a sentiment echoed by other industry leaders, indicating a cautious or pessimistic outlook on the immediate future of Ethereum ETFs. Speculation includes a 25% discount to NAV for ETHE, a likely decision deadline by August as per Blackrock's application to the SEC, and Larry Fink's statement on TV about the inevitability of an Ethereum ETF. Concerns about a possible May rejection and the impact of the SEC's crypto crackdown on approval expectations add to the complex landscape.
#Vaneck CEO Expects SEC to Reject Spot #Ethereum ETF Applications in May https://t.co/ltdkXc0KkD
VanEck, CoinShares CEOs not feeling very optimistic about SEC's approval of spot Ethereum ETFs: CNBC https://t.co/CNm9tzexij
No comments yet from the @SECGov on #etherETFs is a bad sign for potential issuers, VanEck CEO Jan van Eck explains. Catch the full conversation on "Markets Daily" 👇 Spotify 🎧 https://t.co/5CfcmHt4pq Apple 🎧 https://t.co/kKatbtuzim YouTube ▶️ https://t.co/vtgzVqMIcs https://t.co/k8rsQRrWZk
Bitcoin ETFs are booming in the United States, but Ethereum ETF hopefuls aren't feeling optimistic than an approval is coming soon. Click to read: https://t.co/TTZ78uBfBG
Fwiw, VanEck CEO says spot ether ETF will “probably be rejected” in May… via @Ryan_Browne_ https://t.co/bdkTdRYidb
Ethereum ETFs: Will the SEC Give Them the Go-Ahead? https://t.co/o9z6p16jnG $ETH
Ethereum ETF Hopes Fade as SEC's Crypto Crackdown Dashes Approval Expectations ► https://t.co/xA1gZnzHUS https://t.co/xA1gZnzHUS
Bitcoin ETF issuers cast shadow over odds of SEC approving ether exchange-traded funds - CNBC https://t.co/uVWNMGpMG1
Bitcoin ETF issuers cast shadow over odds of SEC approving ether exchange-traded funds https://t.co/k4r71JF52d
James Seyffart, an ETF analyst at Bloomberg, said that Defiance Investments has submitted an application to the US SEC to issue a 2x leveraged Ethereum futures ETF, which may start trading as early as late June. It also recently applied to issue a 2x leveraged ETF to short MSTR…
interesting.. Grayscale’s $ETHE trust jumped by 16.44% today. If this indicates market’s reflection of the likelihood of $ETH ETF approval, I wonder why the discount suddenly shrank today? Even I see a likely May rejection 🤔some1 know something? https://t.co/me1BFpxY9L
Several ETF issuers have met w/ SEC re: spot ether ETF, but according to Barron’s… “Those discussions have largely been one-sided, w/out the agency giving companies critical feedback needed to finalize their products.” May 23rd deadline quickly approaching. via @joelight https://t.co/TFUfXB1ZjL
ETHE at a 25% discount to NAV seems like a long I dunno August (Blackrock app SEC decision deadline) seems like the likely date for ETF approval. Larry Fink said on TV Eth will get an ETF, just a matter of time. ETH / BTC should start acting better here with halving two weeks…
$eth ETF approved??