EU Elections: Green Light for Spot ETH ETF?
CryptoNewsTerminal Staff03 Jun, 2024
EU Elections: Green Light for Spot ETH ETF?
The European Union (EU) Parliament elections, taking place May 23-26, could impact the Markets in Crypto Assets (MiCA) framework and approval of a spot ETH exchange-traded fund (ETF). The elections could shape the future crypto regulatory landscape, says Jag Kooner, head of derivatives at Bitfinex. A shift towards right-wing or populist parties could lead to tighter controls or a more supportive stance. The MiCA framework, currently being negotiated, aims to harmonize crypto regulation across the EU. The approval of a spot ETH ETF would provide investors with a regulated way to access the cryptocurrency. The outcome of the elections will be closely watched by the crypto industry, as it could provide insights into the regulatory direction of the EU.
