Jake Chervinsky, Blockchain Attorney And the Chief Legal Officer of VC Variant Fund has explained why Spot Ethereum ETFs will not be approved this year.
“Political reasons” will prevent ETH ETFs from being given the green light in 2024.
According to Variant’s Jake Chervinsky, the SEC is unlikely to approve a Spot Ethereum ETF in 2024. This sad outcome is due to political reasons that have put SEC leaders under fire. force
Although basically US courts could force the US SEC to allow the launch of Spot Bitcoin ETFs in January 2023, even earlier But regulators got it. It was a strong “political response,” as Chervinsky added.
In this situation, the approval of the BTC ETF is the result of cooperation between the US SEC and the ETF applicant, especially BlackRock. As such, they will do their best to avoid conflicts with the SEC. US and will likely withdraw all ETH ETF applications if the US SEC asks them to do so.
But ultimately, Chervinsky is confident that the Spot Ethereum ETF will be approved sooner rather than later.
refer : u.today
picture en.bitcoinsistemi.com
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