About ETH-ETF: to be or not to be


When the SEC has approved the release of Bitcoin-ETF, the crypto community felt that the commission’s attitude towards the crypto had changed, and the market was about to take off. There have been suggestions that ETH-ETF, Ripple-ETF and other investment products should be approved very soon.


The forecast came true only in terms of market growth, although it was not "incredible" but quite impressive. And this growth was determined by just one Bitcoin, all the other cryptocurrencies followed it.


As for the most expected ETH-ETF, it was not so obvious.

It was true that there had been several applications, but no definite response from the Commission.


Negative signals began to arrive in the spring when the SEC sent requests for information from companies associated with Ethereum. Such requests are usually made prior to the filing of legal claims relating to the classification of cryptocurrencies as securities. Even if Ethereum is recognized as a security, in theory it should not affect the ETF. In practice, however, the Commission’s actions demonstrate its critical attitude towards Ethereum.


And finally, the SEC announced that it is ready to present a decision on one company that has submitted an application for ETH-ETF. At the same time, most experts believe that the decision will be negative.


Managers of applicant companies shared their impressions of consultations with the SEC. While the Commission negotiated on the Bitcoin-ETF, it made a lot of comments and required documents, meanwhile there is practically no feedback regarding ETH-ETF.


What will be the future fate of ETH-ETF, it is now difficult to say. For the SEC, the approval of Bitcoin-ETF was a tough decision, which evidently dissatisfied with Gary Gensler, the SEC head. This is probably why ETH-ETF is likely to go a long way. However, I do hope that this will happen quickly enough.


#BitcoinETF #SEC #cryptocommunity #Ethereum

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