Ethereum Spot ETFs Almost a Shoe-In For Approval Not only that, I'm going to go as far as to state that there may be even more crypto ETFs approved at some point in the not so distant future. This post and the follow-ups to it are going to explain exactly why.
To begin with, when I say that there's a near guarantee of the Ethereum ETFs being passed, that's not due to some sort of insider information. Its based on the words and actions of the SEC itself as well as established court precedent at this point in time.
How the Bitcoin ETFs Were Actually Passed To recap again, the approval of the Bitcoin Future ETFs were pivotal in leading to the acceptance of the Bitcoin Spot ETFs. Most people know and acknowledge this. This was cited in the SEC's announcement on their site informing the public of this. For those that were paying attention, you likely noticed Gensler and the remainder of the SEC noting that they were not "endorsing" Bitcoin with this decision though.
Sort of confusing right? Approving the Bitcoin Futures ETF and Bitcoin Spot ETF yet simultaneously stating that you don't really fuck with Bitcoin like that in the same breath?
The reason for that is rooted in this article here:
https://fortune.com/crypto/2023/08/09/ether-futures-etf-applications-gensler-volatility-shares-grayscale/