⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

Crypto Lawyer Remains Pessimistic About Ethereum ETF Launch This Year

Published 03/03/2024, 04:27 PM
Updated 03/03/2024, 04:45 PM
© Reuters.  Crypto Lawyer Remains Pessimistic About Ethereum ETF Launch This Year
FIS
-
BEN
-
BLK
-
IVZ
-
ETH/USD
-
GLXY
-
ETH
-

  • Crypto lawyer Jake Chervinsky shares pessimistic views about the Ethereum ETF launch this year.
  • Chervinsky points out the SEC’s political pressures that could negatively impact the ETF approval.
  • According to him, the asset managers will withdraw their applications if the SEC necessitates it.

The potential Ethereum exchange-traded fund (ETF) approval has been the talk of the town over the past few months, especially following the Spot Bitcoin ETF launch. While many remain optimistic about the imminent launch, Jake Chervinsky, a prominent crypto lawyer, shared his pessimistic views.

The leading players in the industry, including BlackRock, Fidelity, Grayscale, VanEck, Ark and 21Shares, Invesco and Galaxy, Hashdex, and Franklin Templeton, have submitted their applications for the Ethereum ETF launch. Despite the Securities and Exchange Co…

The post Crypto Lawyer Remains Pessimistic About Ethereum ETF Launch This Year appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.