Unlike Bitcoin, SEC Chief Gary Gensler Didn't Vote On Spot Ethereum ETF Approvals
Portfolio Pulse from Aniket Verma
SEC Chair Gary Gensler did not participate in the decision to approve the first-ever spot Ethereum ETFs in the U.S. The SEC’s Trading and Markets Division approved the forms for several spot Ethereum ETFs from companies like BlackRock, Fidelity, and Grayscale. This decision was made under delegated authority, unlike the approval process for spot Bitcoin ETFs, which involved a vote by the commissioners.
May 24, 2024 | 6:40 am
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Ark's spot Ethereum ETF was approved by the SEC’s Trading and Markets Division, bypassing a vote by the commissioners.
The approval of Ark's spot Ethereum ETF is likely to positively impact its stock price in the short term as it expands its product offerings in the growing cryptocurrency market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Franklin Templeton's spot Ethereum ETF was approved by the SEC’s Trading and Markets Division, bypassing a vote by the commissioners.
The approval of Franklin Templeton's spot Ethereum ETF is likely to positively impact its stock price in the short term as it expands its product offerings in the growing cryptocurrency market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bitwise's spot Ethereum ETF was approved by the SEC’s Trading and Markets Division, bypassing a vote by the commissioners.
The approval of Bitwise's spot Ethereum ETF is likely to positively impact its stock price in the short term as it expands its product offerings in the growing cryptocurrency market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
BlackRock's spot Ethereum ETF was approved by the SEC’s Trading and Markets Division, bypassing a vote by the commissioners.
The approval of BlackRock's spot Ethereum ETF is likely to positively impact its stock price in the short term as it expands its product offerings in the growing cryptocurrency market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Fidelity's spot Ethereum ETF was approved by the SEC’s Trading and Markets Division, bypassing a vote by the commissioners.
The approval of Fidelity's spot Ethereum ETF is likely to positively impact its stock price in the short term as it expands its product offerings in the growing cryptocurrency market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Grayscale's spot Ethereum ETF was approved by the SEC’s Trading and Markets Division, bypassing a vote by the commissioners.
The approval of Grayscale's spot Ethereum ETF is likely to positively impact its stock price in the short term as it expands its product offerings in the growing cryptocurrency market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Invesco Galaxy's spot Ethereum ETF was approved by the SEC’s Trading and Markets Division, bypassing a vote by the commissioners.
The approval of Invesco Galaxy's spot Ethereum ETF is likely to positively impact its stock price in the short term as it expands its product offerings in the growing cryptocurrency market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
VanEck's spot Ethereum ETF was approved by the SEC’s Trading and Markets Division, bypassing a vote by the commissioners.
The approval of VanEck's spot Ethereum ETF is likely to positively impact its stock price in the short term as it expands its product offerings in the growing cryptocurrency market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80