Ethereum ETF Launch Potentially Still Weeks Away, Says Bloomberg Analyst
Portfolio Pulse from Murtuza Merchant
Bloomberg analyst James Seyffart indicated that the launch of spot Ethereum ETFs could still be weeks away, despite recent filings by issuers like Fidelity, VanEck, Invesco/Galaxy, Ark/21Shares, and Franklin. The primary change in these filings was the removal of staking-related content. The approval odds remain at 75%, but the SEC's extensive review process could delay the launch.
May 22, 2024 | 12:20 pm
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CBOE is involved in the filing process for spot Ethereum ETFs by major issuers. The primary change in the filings was the removal of staking-related content. Approval odds are at 75%, but the SEC's review process could take weeks.
CBOE's involvement in the filing process for spot Ethereum ETFs is significant, but the actual impact on CBOE's stock price is uncertain due to the potential delay in SEC approval.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The launch of spot Ethereum ETFs could be delayed despite recent filings by major issuers. The primary change in the filings was the removal of staking-related content. Approval odds are at 75%, but the SEC's review process could take weeks.
The news indicates that while there is progress in the filings for spot Ethereum ETFs, the actual launch could still be delayed due to the SEC's extensive review process. This creates uncertainty in the short term for Ethereum prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100