Tuesday, November 5, 2024

SEC Asks For Public Feedback On Ethereum ETFs However Specialists Say It’s Not Bullish

Based on Bloomberg’s James Seyffart, asking for public feedback on ETFs is customary process.

The Securities and Change Fee (SEC) set off a short-lived celebration on “Crypto Twitter” after requesting public feedback on purposes to checklist spot ETH change traded funds (ETF). However a well known analyst says not so quick.

On April 2, the SEC referred to as for feedback concerning three funds vying for a spot Ethereum ETF: Grayscale, Bitwise, and Constancy. The latter just lately added staking to their utility.

Feedback are due in 21 days.

Ethereum‘s ETH remained just about unfazed by the information, and is up 1.2% to $3,315. Crypto markets took a sharp downturn yesterday amid a strengthening greenback, and ETH has been no exception, dropping 5% previously seven days.