WHAT FACTORS AFFECT THE APPROVAL OF A SPOT ETHER ETF?

Plus BY: NEWSWELCOME.COM FEBRUARY 24, 2024

7

[{"selector":"#anim-c4246dbd-8bc6-4810-99b0-7dd214dfa65e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.287202267403853%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-edf13ba5-cec4-41e8-83d1-cd61aba8b7d9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f16cab10-1325-475c-88da-1ba154f407c3","keyframes":{"transform":["translate3d(0px, 156.22897%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b69e25cb-fdae-4e14-9513-2c996c71a797","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-79848913-1f23-4606-8fd1-b7692f5ae71e","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-904d6777-6ab9-431a-8563-16513b068123","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c4bfa27c-5efc-4b00-bc20-6bc8d5039408","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Approval process for Ethereum ETFs resembles complexities faced by Bitcoin ETFs, including discussions on redemption methods and surveillance-sharing agreements.

6

[{"selector":"#anim-505153dc-3efc-4596-8823-255b9403a666 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.287202267403853%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-439de8f3-9f45-4d9b-9685-f24dabf39d1a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7c1dab3c-9d33-48a2-9939-246e572a7309","keyframes":{"transform":["translate3d(0px, 130.52040%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fe70291a-9e81-4ed8-8b30-9b248de0cb59","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-cf4ab2d8-5d2e-41a2-a0af-8ba83c52e3a1","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-bb8231a7-f8ba-41a2-88dd-bddbc0e15653","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a6c23402-f993-4c2e-8db6-408bf6b291bf","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Regulatory ambiguity around Ethereum's classification, with some suggesting it should be regulated as a commodity by the CFTC, while others speculate its classification as a security could complicate matters.

5

[{"selector":"#anim-923f15c6-1b2d-46aa-8dc3-e116f0a02659 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.287202267403853%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a4dd8eae-6f6c-470b-9a24-60288f99b690","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f209e4a7-73f8-4232-a996-d837885d6af9","keyframes":{"transform":["translate3d(0px, 156.22897%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f0501e4c-4248-4589-8a08-b645acab2dbf","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-aa0f2473-8079-41f1-94d2-f5e8340f128e","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-7f4fafb3-f40a-4c86-aa3f-a93dc3241578","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-25436a6c-5eea-4951-b458-c07c69f42aa6","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Ethereum's proof-of-stake system, where validators lock tokens, raises concerns of resembling an investment contract, potentially subjecting it to securities laws.

4

[{"selector":"#anim-dd7ade03-4b67-404d-968b-2fd145c52103 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.287202267403853%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3bc4263b-0bbd-4f94-963c-c05dac28a144","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-49265d6f-35a2-459a-8fda-c3f16c283d34","keyframes":{"transform":["translate3d(0px, 130.52040%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0b857094-3246-41c6-a466-89017073ba9c","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ed7079da-6fde-400c-8585-ed2b9b4a4077","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-6029d33d-da53-454f-a97a-86896ae446ce","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fa50aea8-c358-41ed-9b3f-04513aedffd6","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Suggestions by SEC Chair Gary Gensler hinting that cryptocurrencies offering token staking might be considered securities, leading to greater SEC oversight.

3

[{"selector":"#anim-42bcbf91-5e16-4475-abfb-15e80ac7768c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.227860555906762%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0677f494-4b26-4ad6-8d89-86dafc0aa681","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-26621e34-eec8-4b47-8808-6714e7422b48","keyframes":{"transform":["translate3d(0px, 156.22897%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-441bbda3-a56c-4823-8ddf-2aba19ca09d0","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a0452aa1-cea3-40be-b7a4-5f6384811064","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-117b88a5-ae80-46be-beb5-1c1d26f8600f","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9758e2ed-0c9e-4ccd-a9fc-4ffabe5aca6c","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Classification of Ethereum as a security would pose hurdles to ETF approval and restrict involvement of infrastructure partners and custodians.

2

[{"selector":"#anim-2ec777d5-bdf3-4955-977b-921741eb07d2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.287202267403853%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a72eba33-7204-42ac-80cb-28a6a04072c9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-29ef9346-0f36-491e-a5f3-2b76a8af2258","keyframes":{"transform":["translate3d(0px, 156.22897%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1d2f4fb3-57d6-459b-918a-a382be506203","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b13978b5-f4d4-4a5c-aa34-f73b5ccfe8f3","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-b2e64ad5-9c9c-400a-b3c6-31c59266ba9b","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9dede61b-9ee5-45d2-aee9-9fa701c370dc","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Market anticipates ETF approval but expects minimal impact on Ethereum's price, as its potential impact may already be reflected in its current valuation.

1

[{"selector":"#anim-56c4b2b8-37c4-4470-86d6-ebd1898126bd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-cb96ced8-68a8-45b0-9ef5-1c93fe199803","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-716d7afa-da6b-46db-a5f7-fd4146652a8f","keyframes":{"transform":["translate3d(0px, 153.95628%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c14d57f9-3f40-4006-95eb-200d1e84da36","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-58c6652f-a4c8-4bc8-84fa-f7cb8e6326c0","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-29a1a496-043b-40ed-b6a5-198530e29ac8","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-bf112762-eab4-49d9-8d2d-6102b647f2e3","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Mixed opinions on approval timeline, with some expecting approval by 2023, while others skeptical due to regulators' cautious approach and complexities of Ethereum's model.

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