In light of the recent news that ARK Invest has filed for a Spot Ethereum ETF. I wanted to start to a discussion to see what the communities thoughts are on this unexpected news!
It’s fantastic to see Ethereum getting some Spot ETF limelight. I gotta say, I’m honestly surprised this is happening before a BTC ETF is approved. Probably a combination of the Uniswap judge saying both Bitcoin and Ethereum are commodities (not an official ruling).
With all the BTC Spot ETFs submitted by some of the largest investment firms in the world and the Grayscale case going Crypto’s way. Do we actually think this will be approved by the SEC on the first go?
Is it possible that Blackrock has found the formula for any big Crypto Spot ETF being accepted, not just a BTC spot etf? The security updates they made to their filing, combined with these recent court cases going in cryptos favor seem to really make its approval a possibility. Not entirely sure how an ETH Spot ETF would differ, if at all, from a BTC Spot ETF.
In my honest opinion the SEC is too anti crypto to approve this thing but what do I know.
Thoughts?
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