Reported 5 months ago
The article discusses the parallels between the current spot Ethereum ETF approval process and the previous launch of spot Bitcoin ETFs, noting that both faced initial caution from the SEC but eventually gained traction due to various stakeholders' pressure and the maturing crypto market. The article highlights the growing institutional interest in cryptocurrencies and the potential approval of an ether-based ETF. It also speculates on the possibility of a Dogecoin ETF approval, suggesting that cryptocurrencies with clear use cases beyond speculation and robust ecosystems may be viewed more favorably. Overall, the article emphasizes the complex path to approval for spot cryptocurrency ETFs and the SEC's cautious approach in considering well-structured proposals.
Source: YAHOO