After the spot Bitcoin ETFs approved by the SEC in January, all eyes turned to Ethereum ETFs. While it was considered certain that ETH ETFs would be approved in the first months, this possibility has decreased recently.
While most analysts think that the SEC will most likely not approve Ethereum ETFs in May, a comment about ETH ETFs came from ETF analyst Nate Geraci.
Sharing from his X account, Geraci stated that the general opinion in the market is that Ethereum ETFs will not be approved in May and that he agrees with this idea.
At this point, ETF Store president Nate Geraci, who thinks that ETH ETFs will not be approved in May, said that the reason for this is the lack of communication between ETF issuers and the SEC.
Finally, Geraci said that he wondered whether the SEC had learned the necessary lesson from the spot BTC ETF approval process and stated that if the SEC did not approve Ethereum ETFs, the issuer companies could sue the SEC.
“Ethereum ETFs are eerily quiet…
The consensus is that the SEC will not approve it in May. Reason = lack of interaction with issuers.
Logic says this is true, but it also makes one wonder if the SEC has learned from the clown show by using BTC ETFs.
“Either way, the options are to either approve or sue.”
*This is not investment advice.