Law & Policy

1/2 For those who believe that the SEC will deny the ETH spot ETF in May, what is your best guess as to the SEC’s justification for the denial?

Personally, I don’t see a plausible justification. The SEC already approved ETH Futures ETFs, so I don’t see how they justify denying a spot ETF of the same product.

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Less robust and mature futures market; greater volatility and perceived manipulability; transition to proof of stake raises centralization risks.

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Thanks. And sorry if I'm misunderstanding, but wouldn't each of those reasons apply to the futures ETF? 

They seem like totally valid reasons to deny an ETF, but I just don't understand how to square the approval of the futures ETF with a denial of the spot ETF.

Interesting, I'll have to take a look into that. Appreciate your insight 🫡

there's a perception that futures markets are less subject to manipulation, easier to regulate, more stable, and generally safer (e.g., no custody concerns).