Posted 3/3/2024, 2:02:54 PM
SEC Treads Carefully on Ethereum ETFs Amid Legal Ambiguity
- SEC may deny Ethereum ETFs to limit market excitement and retain oversight after Bitcoin ETF approvals
- Ethereum's legal status remains ambiguous, making SEC uncomfortable approving ETFs
- SEC has precedence of taking questionable legal stances to satisfy political goals
- BlackRock's strong record getting ETFs approved relies on working with SEC, who may ask them to withdraw
- BlackRock managing $9 trillion provides no guarantee SEC will approve their Ethereum ETF application
