The chief executive of financial giant VanEck reportedly says that the U.S. Securities and Exchange Commission (SEC) will likely reject bids to launch Ethereum (I-ETH) izimali ezihweba ngokuhwebelana (ETFs).
Though many finance institutions had their bids for Bitcoin (BTC) ETFs approved earlier this year, VanEck CEO Jan van Eck told CNBC in an interview that he doesn’t think the regulatory agency will greenlight ETH ETFs.
“We were the first to file as well for Ethereum in the U.S., and we and [Ark Invest CEO] Cathy Wood, are kind of the first in line for May, I guess, to probably be rejected…
The way the legal process goes is the regulators will give you comments on your application, and that happened for weeks and weeks before the Bitcoin ETFs – and right now, pins are dropping as far as Ethereum is concerned.”
I-SEC kuvunyelwe BTC ETFs in January after years of rejecting them following a court order to reconsider the applications. ETFs grant traders exposure to an asset without them having to actually purchase it.
In March, the regulatory agency kumemezela that it needed more time to consider the possibility of an ETF based on Ethereum, and would be delaying its decision by 60 days until May.
However, some crypto firms – such as top US-based crypto exchange Coinbase and blockchain software provider Amakhonsathi – are urging the SEC to approve ETH ETFs, saying that Ethereum’s cybersecurity and resilience to fraud is even greater than that of Bitcoin’s.
Ungaphuthelwa yi-Beat - Bhalisa ukuze uthole izaziso ze-imeyili zilethwe ngokuqondile ebhokisini lakho lokungenayo
Hlola Price Action
Silandele ku Twitter, Facebook futhi yocingo
Surf I-Daily Hodl Mix
Ukuzikhulula: Imibono evezwe kuDaily Hodl akusona izeluleko zokutshala imali. Abatshalizimali kufanele benze ukukhuthala kwabo ngaphambi kokwenza noma yikuphi ukutshalwa kwemali okuyingozi enkulu kwiBitcoin, i-cryptocurrency noma impahla yedijithali. Uyaziswa ukuthi ukudluliselwa kwakho nokuhweba kusengozini yakho, futhi noma yikuphi ukulahlekelwa ongakuthola kungumthwalo wakho wemfanelo. I-Daily Hodl ayikukhuthazi ukuthengwa noma ukuthengiswa kwanoma yiphi i-cryptocurrencies noma impahla yedijithali, futhi ne-The Daily Hodl ingumeluleki ngokutshalwa kwezimali. Uyacelwa ukuthi uqaphele ukuthi iDaily Hodl ibamba iqhaza kwezentengiso ezihambelana nayo.
Isithombe Esenziwe: Midjourney
- I-SEO Powered Content & PR Distribution. Khuliswa Namuhla.
- I-PlatoData.Network Vertical Generative Ai. Zinike Amandla. Finyelela Lapha.
- I-PlatoAiStream. I-Web3 Intelligence. Ulwazi Lukhulisiwe. Finyelela Lapha.
- I-PlatoESG. Ikhabhoni, I-CleanTech, Amandla, Environment, Ilanga, Ukuphathwa Kwemfucuza. Finyelela Lapha.
- I-PlatoHealth. I-Biotech kanye ne-Clinical Trials Intelligence. Finyelela Lapha.
- Source: https://dailyhodl.com/2024/04/10/vaneck-ceo-says-ethereum-etfs-likely-to-be-rejected-by-us-regulators-report/