Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Bloomberg Analyst: The SEC "implicitly" regards ETH as a commodity, and the spot Ethereum ETF may be approved this year

Bloomberg Analyst: The SEC "implicitly" regards ETH as a commodity, and the spot Ethereum ETF may be approved this year

Bitget2024/01/04 23:24
Bloomberg ETF analyst James Seyffart stated that the SEC has "implicitly" accepted Ethereum as a commodity when approving the Ethereum futures ETF, which means we might see a spot Ethereum ETF listed this year.
 
Seyffart said that the SEC may not have enough room to question token classification. The analyst pointed out: "If they call Ethereum a security, it would be contradicting its sister regulatory agency CFTC. That's why I think we might see potential approval of an Ethereum ETF this year."
 
The final decision deadline for the SEC on VanEck, ARK 21Shares and Hashdex spot Ethereum ETF is May 2024.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Fitch "shows mercy" and maintains France's A+ rating, but warns that uncontrolled deficits could lead to a downgrade

Fitch Ratings recently announced that it is maintaining France's sovereign credit rating at "A+" with a "stable" outlook, even though the agency has once again warned that sustained fiscal deficits and rising public debt amidst increasing political uncertainty could still trigger a future rating downgrade.

智通财经2026/08/29 07:11
Fitch "shows mercy" and maintains France's A+ rating, but warns that uncontrolled deficits could lead to a downgrade

Here’s Why XRP Price Just Crashed Sharply

TimesTabloid2026/08/29 07:06