Former SEC Chief Predicts Inevitable Trading Of Ethereum Spot ETFs In US; Market-Data Provider Draws Parallels With Bitcoin's Post-ETF Success
Ethereum Spot ETFs: A Game-Changer for Crypto Investors The crypto market has been buzzing with excitement ever since former SEC Chair Jay Clayton hinted at the possibility of Ethereum (ETH) spot ETFs being approved in the U.S. In a recent interview with CNBC, Clayton shared his insights on the potential impact of these investment vehicles on the crypto industry. Let's dive in and see what this could mean for investors. Understanding the Approval Process According to Clayton, the approval of Ethereum spot ETFs in the U.S. is not a matter of if, but when. He explained that the SEC has a set criteria for approving investment products, and as long as these criteria are met, the approval is almost guaranteed. However, he also cautioned that it may take some time for these ETFs to hit the market as the SEC needs to carefully review and analyze each application. The Potential Impact on the Crypto Industry The approval of Ethereum spot ETFs would be a major game-changer for t...