SEC May Soon Approve Ethereum ETF, Says US Financial Lawyer

IconCryptoNewsTerminal Staff21 May, 2024

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SEC May Soon Approve Ethereum ETF, Says US Financial Lawyer

A possible green light for an Ethereum exchange-traded fund (ETF) may be on the horizon, according to Scott Johnsson, a US financial lawyer. Yesterday, news broke that the SEC's Division of Corporation Finance may recommend approval for an Ethereum ETF. These are likely still early days in the process, and it is impossible to tell how quickly they will move, as nothing in this space is ever simple. The SEC has, however, been reviewing a spot Bitcoin ETF S-1 for almost 4 months and a Bitcoin futures ETF S-1 for 5 months now.