ETH ETF APPROVAL SUMMARY
- Form 19B-4 approved for 8 issuers, including BlackRock and Fidelity. S-1 missing. Could take weeks to months before ETH ETFs actually trade.
- Huge win for ETH as it means SEC deems it a commodity, which means less regulatory uncertainty for the entire Ethereum ecosystem.
- Also another sign regulatory landscape in the US is FINALLY becoming more crypto-friendly.
- We'll probably see extra ETH demand from tradfi funds, unclear on how much. On the one hand, maybe they'll be deterred by the fact that it's vanilla ETH with no staking. On the other hand, they still bought GBTC, so maybe they don't care.
- Finally, I said this about BTC ETF, I'll say it again. Everyone's happy bc their bags are up, but it's still kinda lame that this is crypto conforming to tradfi rails. Would much rather see more of Wall Street using actual crypto rails.
- Now really last point, this 180 degree turn in something as massive as the SEC approving an ETH ETF in just a week is exactly why everyone in this industry is addicted to it. Never a dull moment.
- Form 19B-4 approved for 8 issuers, including BlackRock and Fidelity. S-1 missing. Could take weeks to months before ETH ETFs actually trade.
- Huge win for ETH as it means SEC deems it a commodity, which means less regulatory uncertainty for the entire Ethereum ecosystem.
- Also another sign regulatory landscape in the US is FINALLY becoming more crypto-friendly.
- We'll probably see extra ETH demand from tradfi funds, unclear on how much. On the one hand, maybe they'll be deterred by the fact that it's vanilla ETH with no staking. On the other hand, they still bought GBTC, so maybe they don't care.
- Finally, I said this about BTC ETF, I'll say it again. Everyone's happy bc their bags are up, but it's still kinda lame that this is crypto conforming to tradfi rails. Would much rather see more of Wall Street using actual crypto rails.
- Now really last point, this 180 degree turn in something as massive as the SEC approving an ETH ETF in just a week is exactly why everyone in this industry is addicted to it. Never a dull moment.
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