SEC Commissioner Hester Pierce: Ethereum ETF Approval Would Be Easier Than Bitcoin ETF’s
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SEC Commissioner Hester Pierce: Ethereum ETF Approval Would Be Easier Than Bitcoin ETF’s

  • US SEC Commissioner Hester Pierce signals an easier path for Ethereum ETF approval, matching Bitcoin’s success.

US SEC Commissioner Hester Pierce has hinted at an easier approval for Ethereum ETF in an interview. She suggested that the Ethereum ETF might get approved without a court decision.

Pierce has made it clear that she wants the SEC to treat crypto ETFs like traditional funds, applying the same standards without the need for court intervention. 

This approach is different from how they’ve handled it before.

See Also: Socket Recovers 1,032 Ethereum (ETH) After Bridge Protocol Exploit

The crypto market is buzzing about a possible Ethereum ETF, especially after the launch of Bitcoin ETFs in the US. Ethereum is seen as having similar regulatory clarity as Bitcoin.

Despite this excitement, there were worries about Ethereum ETFs facing regulatory hurdles. But Pierce’s comments indicate a smoother approval process might be possible.

Spot Ether ETF applicants include big names like BlackRock and Fidelity. They are all hoping for SEC approval.

Fox journalist Eleanor Terret also shares this optimism about Ethereum ETFs. 

A BTC spot issuer is confident about getting approval for their ETH ETF application, inspired by the successful Bitcoin ETF launch.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.