Expert Analyst Points to Key Date for Ethereum (ETH) Decision Amidst Criticism

  • The US Securities and Exchange Commission (SEC) may postpone spot Ethereum ETFs until 2025, according to Bloomberg ETF analyst Eric Balchunas.
  • Companies such as BlackRock, Fidelity, and Ark Invest, which have applied for these, could sue the SEC if their applications are rejected on May 23.
  • However, the upcoming presidential elections in the US this year could change this situation. If Donald Trump wins the election, a crypto-friendly person could be appointed to head the SEC, Balchunas suggests.

Spot Ethereum ETFs in the US could be postponed until 2025, according to Bloomberg ETF analyst Eric Balchunas. The decision could be influenced by the upcoming presidential elections.

Potential Delay for Spot Ethereum ETFs

According to Bloomberg ETF analyst Eric Balchunas, the US Securities and Exchange Commission (SEC) may reject applications for spot Ethereum ETFs on May 23. Balchunas believes this delay could extend until the end of 2025. Companies such as BlackRock, Fidelity, and Ark Invest, which have applied for these ETFs, could potentially sue the SEC if their applications are rejected.

Impact of the Upcoming Presidential Elections

The upcoming presidential elections in the US this year could change this situation. Balchunas suggests that if Donald Trump wins the election, a crypto-friendly person could be appointed to head the SEC. The analyst stated, “If a new president is elected, they would reapply. Maybe they get approved. Or they sue. Either way, it would take a year for this to be resolved.”

Conclusion

The future of spot Ethereum ETFs in the US remains uncertain, with potential delays extending until 2025. However, the upcoming presidential elections could influence the SEC’s decision, potentially leading to a more crypto-friendly leadership. Regardless of the outcome, the situation is likely to have significant implications for the crypto industry.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

SEC Approves Ethereum (ETH) Applications: What’s Next for the Leading Cryptocurrency?

The U.S. Securities and Exchange Commission (SEC)...

Fantom (FTM) Launches Innovative Token and Major Funding Boost for Sonic Network Expansion

Fantom developers have announced the upcoming launch...

Lido (LDO) Drives DeFi TVL Surge to $106B: Analyzing the Major Contributor’s Impact

LDO recorded a double-digit price rally last...

Gold Declines Following Fed Minutes: What’s Next for Bitcoin (BTC)?

Bitcoin's recent surge has captured the attention...

Top 5 Stock Picks for Friday: Buy or Sell Strategies for BTC, ETH, and More

<ul> <li>The domestic benchmark indices, Sensex and Nifty...
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Jocelyn Blake
Jocelyn Blakehttps://en.coinotag.com/
Jocelyn Blake is a 29-year-old writer with a particular interest in NFTs (Non-Fungible Tokens). With a love for exploring the latest trends in the cryptocurrency space, Jocelyn provides valuable insights on the world of NFTs.
spot_imgspot_imgspot_imgspot_img

SEC Approves Ethereum (ETH) Applications: What’s Next for the Leading Cryptocurrency?

The U.S. Securities and Exchange Commission (SEC) has approved applications to establish spot Ethereum ETFs. These approvals mark a significant milestone...

Fantom (FTM) Launches Innovative Token and Major Funding Boost for Sonic Network Expansion

Fantom developers have announced the upcoming launch of the new "S Token" for its native Sonic protocol alongside a funding round. ...

Lido (LDO) Drives DeFi TVL Surge to $106B: Analyzing the Major Contributor’s Impact

LDO recorded a double-digit price rally last week due to a surge in demand for the altcoin. DeFi TVL has now...