Bloomberg analyst: SEC “implicitly” treats ETH as a commodity, and spot Ethereum ETF may be approved this year
Bloomberg ETF analyst James Seyffart stated that when the SEC approved an Ethereum futures ETF, it "implicitly" accepted Ethereum as a commodity, which means that a spot Ethereum ETF may be 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, this would be contrary to sister regulatory agency CFTC. That's why I think there may be potential approval for an Ethereum ETF this year."
The SEC's deadline for a final decision on VanEck, ARK 21Shares, and Hashdex spot Ethereum ETFs is May 2024.
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.
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