U.S. SEC seeks public comments on Ethereum ETF for 21 days

The U.S. Securities and Exchange Commission (SEC) solicits public opinions on three Ethereum spot ETFs, which has attracted the attention of the crypto community and is looking forward to a possible turning point. According to recent filings, the focus is on Fidelity, Grayscale and Bitwise, each of which is striving to bring Ethereum into the mainstream financial market.

SEC seeks public input

Beginning on Tuesday, the SEC began a 21-day public comment period to allow the public to participate in the regulatory agency’s decision-making process and provide a transparent forum for dialogue and opinions. platform.

Ethereum ETF is not optimistic?

Despite the progress, key figures in ETF analysis, such as Bloomberg analyst Eric Balchunas, have lowered expectations for the ETF to be approved by May. It dropped from the originally optimistic 70% to a more cautious 30%. He joined James Seyffart in discussing Fidelity's filing, specifically criticizing the lack of new information in the filing and the SEC's silence as not boding well for approval.

Taken together, the outcome of this inquiry period may open a new chapter for Ethereum in the trading market, or serve as a reminder of the challenges faced by integrating cryptocurrencies more deeply into the fabric of regulated financial markets. challenge.

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