Ethereum ETF's '25% odds' – SEC wants to 'get it right,' but at what cost? The Securities and Exchange Commission (SEC) is on a mission to classify
Ethereum [ETH] as a security, causing a stir among U.S. companies under investigation and casting doubt on the future of
ETFs for Ethereum.
Bloomberg analyst Eric Balchunas weighs in, not as an
eth hater or
btc lover, but as someone who wants the SEC to make the right call. Unfortunately, he predicts that things aren't looking too good at the moment.
There seems to be a gap between U.S. regulators and potential issuers like BlackRock, 21 Shares, and ARK Invest, says Balchunas. This echoes earlier observations by James Seyffart, another Bloomberg analyst.
With the clock ticking, investors are feeling the pressure, with
ETH experiencing a 6% dip. Tree of Alpha advises caution until there's progress on the ETF front, while Scott Johnson sees this as part of a larger SEC-ETH puzzle.
As we await the regulator's verdict on Ethereum ETFs, it's clear that navigating regulatory waters is no easy task for investors and industry players alike.
