The research team at investment bank TD Cowen believes that the approval of the Ethereum ETF is also inevitable after the approval of Bitcoin. Jaret Seiberg of TD Cowen Washington Research Group wrote in a report that this is six months sooner than we expected, but the decision is also inevitable once the Securities Exchange Commission approves the cryptocurrency futures ETF. The next product to launch in a year could be a basket of cryptocurrencies, possibly just Bitcoin and Ether, but it could also be more.
However, the approval does not signify a sweeping change in the SEC's overall attitude towards cryptocurrencies, as Gary Gensler, the committee chairperson who is critical of cryptocurrencies, issued a highly critical statement opposing the passage of cryptocurrency legislation that could weaken the agency's powers.
TD Cowen: Ethereum ETF paves the way for more cryptocurrency funds
2024-05-26 18:00:59
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