Lawmakers Press SEC Chair Gensler To Approve Ether ETFs; Five House Financial Services Members Led By Rep. French Hill Cite Previous Approval Of Bitcoin Funds - Politico
Portfolio Pulse from Benzinga Newsdesk
Lawmakers are urging SEC Chair Gary Gensler to approve Ether ETFs, citing the previous approval of Bitcoin funds. This push is led by five members of the House Financial Services Committee, including Rep. French Hill.
May 23, 2024 | 12:12 pm
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The push for Ether ETFs approval follows the previous approval of Bitcoin funds, which could maintain or increase interest in Bitcoin ETFs.
The approval of Ether ETFs could maintain or increase interest in Bitcoin ETFs as investors look to diversify their crypto holdings.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Lawmakers are pushing for the approval of Ether ETFs, which could lead to increased institutional investment and higher demand for Ether.
The approval of Ether ETFs would likely increase institutional investment in Ether, driving up demand and potentially its price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100