The SEC Will Not Approve An Ethereum ETF Soon: TD Cowen

• According to TD Cowen, it is unlikely for the SEC to approve an Ethereum ETF soon.
• TD Cowen expects the SEC to gain experience with Bitcoin ETPs before approving Ethereum or other crypto token ETPs.
• TD Cowen’s research group thinks it could take up to 26 months before the SEC would approve an Ethereum ETF.

It is unlikely for the U.S. Securities and Exchange Commission (SEC) to approve an Ethereum ETF soon, according to TD Cowen, a leading American multinational investment bank. The TD Cowen Washington Research Group reported that the bank expects the SEC to gain experience with Bitcoin ETPs before approving Ethereum or other crypto token ETPs.

Earlier in the past week, the Group, led by Jaret Seiberg, noted that it could take up to 26 months before the SEC would approve an Ethereum ETF. It further stated that any approval of such…

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