Posted 4/3/2024, 7:45:14 PM
SEC Seeks Feedback on Proposed Ethereum ETFs; Approval by May Less Likely
- SEC requesting public comments on 3 proposed Ethereum ETFs from Grayscale, Fidelity, and Bitwise
- This is a standard part of the approval process that happened with Bitcoin ETF applications
- ETH ETFs would hold Ether and sell shares tracking the asset's price like Bitcoin ETFs
- Analysts now see ETH ETF approval by May deadline as less likely than previously thought
- Ethereum price currently around $3,314, far below 2021 high of $4,878
