Jay Clayton, a former chairperson of the Securities Exchange Commission, said trading in a spot Ethereum ETF would be "inevitable" but doubts remained.
Clayton pointed out that the approval of the Ethereum ETF was carried out in two steps, with listing approval already obtained, but approval of the product itself is still pending. He believes that while there are still some issues to be resolved, such approval is inevitable.
When comparing the difference in approvals between an Ethereum ETF and a Bitcoin ETF, Clayton mentioned that the underlying cryptocurrencies of the two have different answers on whether they are considered securities or commodities. He pointed out that while Ethereum's underlying transactions are still not clearly classified, the market for spot transactions of Bitcoin and Ethereum has developed significantly.
Although the specific details of the Ethereum ETF have not yet been determined, it is expected that these funds could start trading in July or August.
Former SEC Chairperson: Spot Ethereum ETF Trading "Inevitable"
2024-05-24 22:45:03
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