• James Seyffart reinforces his pessimistic thoughts on the SEC’s Ethereum ETF approval.
• The analyst points out the SEC’s prolonged silence on the matter as a sign of the potential denial of the ETF approval.
• In a previous post, Seyffart posited that the SEC would reject the applications by May.

James Seyffart, an ETF Research Analyst at Bloomberg, reiterated his pessimistic beliefs on the Securities and Exchange Commission’s (SEC) Ethereum ETF approval. Seyffart remains cynical about the ETF approval due to the SEC’s prolonged silence on the matter.

The analyst’s recent X post came in response to multiple posts to which he was tagged. These posts shared insights on the SEC’s recent move that involved a notice regarding Cboe BZX Exchange’s proposal to list an Ether-based exchange-traded trust. In a November 2023 filing with the SEC, the exchange proposed a ru…

The post What Awaits in May 2024? Spot Ethereum ETF Approval or Denial?  appeared first on Coin Edition.

• James Seyffart reinforces his pessimistic thoughts on the SEC’s Ethereum ETF approval.
• The analyst points out the SEC’s prolonged silence on the matter as a sign of the potential denial of the ETF approval.
• In a previous post, Seyffart posited that the SEC would reject the applications by May.

James Seyffart, an ETF Research Analyst at Bloomberg, reiterated his pessimistic beliefs on the Securities and Exchange Commission’s (SEC) Ethereum ETF approval. Seyffart remains cynical about the ETF approval due to the SEC’s prolonged silence on the matter.

The analyst’s recent X post came in response to multiple posts to which he was tagged. These posts shared insights on the SEC’s recent move that involved a notice regarding Cboe BZX Exchange’s proposal to list an Ether-based exchange-traded trust. In a November 2023 filing with the SEC, the exchange proposed a ru…

The post What Awaits in May 2024? Spot Ethereum ETF Approval or Denial?  appeared first on Coin Edition.