BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

SEC Seeks Feedback on Trio of Spot Ether ETFs Amid Approval Uncertainty

by Sham
April 3, 2024
in CRYPTO, POLITICS
Reading Time: 3 mins read
A A
1
SHARES
19
VIEWS
Share on XShare in TelegramShare on Reddit
  • SEC is soliciting public comments for three proposed spot Ethereum ETFs – Fidelity Ethereum Fund, Grayscale Ethereum Trust, and Bitwise Ethereum Trust
  • Optimism for SEC’s approval of these spot Ethereum ETFs has decreased
  • Bloomberg analysts believe the SEC’s silence on the matter is not a good sign for approval

The Securities and Exchange Commission (SEC) is requesting public comments on proposed spot Ethereum exchange-traded funds (ETFs) from Grayscale, Bitwise, and Fidelity. This comes as optimism around SEC approval of these products has decreased in recent weeks.

ICYMI: 🇺🇸 SEC has called for public input on proposed Spot Ethereum $ETH ETFs

Specifically 👇

• Fidelity

• Grayscale

• Bitwise

— BlockNews.com (@blocknewsdotcom) April 3, 2024

SEC Filings Request Public Feedback

On Tuesday, the SEC published filings requesting public comments on the following proposed spot Ethereum ETFs:

  • Fidelity Ethereum ETF
  • Grayscale Ethereum Trust ETF
  • Bitwise Ethereum Trust ETF

“The Commission is publishing this notice to solicit comments on the proposed rule change as modified by Amendment No. 1 from interested persons,” the SEC said regarding the Bitwise filing.

Comments are due within 21 days for all three filings.

Dwindling Hopes for SEC Approval

Initially, analysts were optimistic the SEC would approve spot Ethereum ETFs in the first half of 2024. However, that optimism has faded in recent weeks.

Eric Balchunas, a senior ETF analyst at Bloomberg, has lowered his estimate for chances of approval by May from 70% down to 30%.

Fellow Bloomberg analyst James Seyffart also weighed in, saying the filings don’t indicate any change in thinking by the SEC. “Silence from the SEC isn’t a good thing here,” he said.

The SEC has yet to approve any spot cryptocurrency ETFs, despite multiple proposals from various asset managers over the past few years. The agency has cited concerns around manipulation, liquidity, and custody as reasons for rejecting past applications.

Conclusion

While the SEC is at least opening up the new Ethereum ETF proposals for public comment, analysts believe the chances for swift approval remain slim. The agency is likely to take a very cautious approach when it comes to allowing direct spot cryptocurrency exposure for retail investors.

Tags: BitwiseEthereum exchange-traded fundsFidelitygrayscaleSecurities and Exchange Commission
TweetShareShare
Previous Post

Crypto Trading Skyrockets to $2.5 Trillion in March, Binance Leads Charge

Next Post

Wormhole’s W Airdrop Sparks Airdrop April with a $3 Billion Evaluation

DON'T MISS THESE! HOT OFF THE PRESS

VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit
FINANCE

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Load More

Related News

VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.