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SEC Postpones Ethereum ETF Decision; VanEck CEO Anticipates Rejection

April 11, 2024
SEC Postpones Ethereum ETF Decision; VanEck CEO Anticipates Rejection
  • The SEC has postponed its decision on Bitcoin and Ethereum ETFs until May 29.

  • VanEck CEO anticipates Ethereum ETF applications will likely be rejected by the SEC.

  • The regulatory process for Ethereum ETFs is more complicated than for Bitcoin, leading to delays and uncertainty.

  • The approval of Bitcoin ETFs does not guarantee the same outcome for Ethereum ETFs, as previously indicated by the SEC.

  • Ethereum's market price has experienced a recent decline and faces unpredictability amidst regulatory decisions and market corrections.

  • Despite Ethereum's current challenges, long-term price projections remain optimistic, with potential support from new Ethereum Mainnet developments.

Summary based on 26 sources


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