What Are You Waiting For? Analyst Predicts Delays in Market Launch
Journalist
- Analysts believe that ETH ETF approval is likely, but the ETF launch may take some time.
- There are mixed feelings about the threat the ETH ETF could pose to BTC ETFs if approved.
Earlier this week, crypto markets rose following a positive report on US spot Ethereum [ETH] ETF approvals
Bloomberg ETF analyst James Seyffart says the ETF launch and listing may be delayed despite the SEC’s positive update on the ETH ETF.
“We are still a long way from a launch.” These filings show that the rumors, speculation, and talk were accurate.
On May 21, the Chicago Board Options Exchange (CBOE) filed five amended Forms 19b-4 on behalf of Fidelity VanEck Invesco/Galaxy Ark Invest/21Shares and Franklin Templeton.
Seyffart You can also add your own comments. that
the SEC must approve all 19b-4s before we can see S-1 approvals. It could take several weeks for ETFs to launch.
S-1 forms are filed by individual issuers, while 19b-4s is a form for changes to exchange rules. Both forms must be approved before ETFs can launch.
Ethereum ETF no longer includes staking option
The recent changes to 19b-4s have also brought a significant update in the process.
According to Seyffartthe amended filings replaced the previous staking words with plain text.
“Fund ETH cannot be staked”
Market observers have argued for years that the staking option could complicate the approval process and raise concerns about ETH’s security status.
Despite this, there are some who do not like the quick approval of ETH ETF. Bitcoin It took almost 10 years to create ETFs. One user stated that an ETH ETF approval would indicate that “the market is not regulated by competent players.”
The user said that Ethereum’s ecosystem is full of centralized sh*tcoins, but the approval would make ETH a Bitcoin equivalent.
Quinn Thompson is the founder of Lekker Capital’s crypto hedge fund. claimed ETF inflows could help ETH step out of the shadows Solans[SOL] BTC is a cryptocurrency.
Thompson also added that if ETH ETFs are approved by the SEC, they could attract BTC ETFs. Peter Schiff agreed with Thompson. It is yet to be confirmed whether ETH ETF will pose a threat to BTC ETFs.
