Graysacale’s spot on GBTC Bitcoin The lawsuit filed to convert it into an ETF was a turning point in ETF approvals. SECApproved ETF applications in January after its defeat.
At this point, all eyes are on Bitcoin. Ethereum Turning to ETF applications, the market is also divided on ETH ETFs.
While some expect the SEC to make a collective decision on Ethereum ETFs in May, others say ETHHe thinks that will go through a process similar to Bitcoin ETFs.
Known for its support of cryptocurrencies and SEC member Hester Peirce, who came to prominence with the nickname “Crypto Mother” He made statements about spot Ethereum ETFs.
Speaking to the platform called Coinage, Peirce said that he believes that the SEC will not need a lawsuit or court decision to approve the spot Ethereum ETFs pending before it.
“We will not do our approvals like we did with the Bitcoin ETF.
As I said throughout this process, what we need to do is to pay regular attention to these products.
So we don’t need a court to tell us that our approach is ‘arbitrary and capricious’ in order to reach the right conclusion. “We will not make the same mistakes.”
BTC Peirce, known for his support for and cryptocurrencies, also harshly criticizes SEC Chairman Gary Gensler. At this point, Peirce was among the members who voted for approval in the spot Bitcoin ETF decision process.
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