Investment bank TD Cowen: The US SEC will not approve an Ethereum spot ETF in the short term
According to The Block, TD Cowen Investment Bank believes that the US SEC is unlikely to approve an Ethereum spot ETF in the short term. Despite recently approving a Bitcoin spot ETF, TD Cowen expects the SEC to take a more cautious approach in approving an Ethereum spot ETF. Analysts point out that the SEC may wait for experience from Bitcoin ETFs before considering approval for Ethereum or other cryptocurrency ETFs. The investment bank stated that the approval process may not take as long as 26 months and could happen after the US election.
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