Benzinga – Amid the evolving landscape of cryptocurrency investment vehicles, issuers of Bitcoin (CRYPTO: BTC) ETFs have cast doubt on the U.S. Securities and Exchange Commission’s (SEC) readiness to greenlight an Ethereum-based ETF (CRYPTO: ETH).
What Happened: Issuers of Bitcoin ETFs expressed doubts on Tuesday about the U.S. Securities and Exchange Commission’s (SEC) willingness to approve an exchange-traded fund (ETF) for ether, CNBC reported.
Despite the SEC’s approval of spot Bitcoin ETFs earlier this year, companies like BlackRock, Fidelity, and VanEck are not optimistic about the approval of their ether ETF applications. The SEC has until late May to conclude its review, having already delayed its original decision deadline in March.
VanEck CEO Jan Van Eck, speaking at the Paris Blockchain Week, said, “The way the…
Read More
