ETH - Ethereum ETFs Have 60% Chance Of 2024 Launch Says ETF Expert: Approval Is 'Path Of Least Resistance' | Benzinga
Bloomberg Intelligence ETF analyst James Seyffart on Friday said spot Ethereum (CRYPTO: ETH) ETF applications are likely to get approved this year, as he emphasized the significance of the United States' approval of the spot Bitcoin (CRYPTO: BTC) ETFs.
"The approval of the spot Bitcoin ETF in the United States was monumental due to the SEC's resistance to it," he said in a podcast.
He highlighted the long journey to this approval, noting that the Winklevoss twins first filed for a Bitcoin ETF in 2013, but faced continuous denials from the SEC.
The approval, ...