The President of The ETF Store: Still believes that the U.S. SEC will approve a spot Ethereum ETF next week
The President of The ETF Store, Nate Geraci, posted on social media saying, "It seems that the U.S. SEC is taking measures similar to 19b-4s for spot Ethereum ETFS-1s... I still think it will be approved next week, there's absolutely no reason to delay." In response to this, Bloomberg's ETF analyst Eric Balchunas said, "Yes, there was no movement from the SEC this week. It's unclear why they're taking so long; every issuer is ready and the documents are prepared. It's like a baseball game delayed due to rain - we can only wait. Maybe things will progress quickly next week."
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.
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