- 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.
