Cathie Wood: Spot Ethereum ETF less likely to be approved in May
Cathie Wood, CEO of Ark Invest, and Ophelia Snyder of 21Shares, stated in a podcast this week that the likelihood of approval for the Ark 21Shares Ethereum ETF and similar products in May is decreasing. Wood stated that a clear sign that a change is imminent for Bitcoin's spot Bitcoin ETF is that we are in communication with the SEC, and I just think the US SEC is waiting for the right time, perhaps studying these issues. Ophelia Snyder, co-founder of 21Shares, stated that considering the similarities between the spot Ethereum ETF and the approved Bitcoin ETF, there is nothing noteworthy for the US SEC to consider when it comes to an Ethereum ETF, so a spot Ethereum ETF may be approved soon.
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