SEC postpones Franklin and Grayscale Ethereum spot ETFs again! Standard Chartered changes its optimistic stance

This site (120btC.coM): The U.S. Securities and Exchange Commission (SEC) postponed Franklin and Grayscale Ethereum spot ETFs respectively on the 23rd, and Standard Chartered Bank also changed its previous belief that May Predictions that can be successfully approved.

SEC Delays Franklin Ethereum Spot ETF

Documents show that the SEC has postponed the review deadline of Franklin Ethereum ETF to June 11 for the same reason as the previous postponement of Ark and Hashdex Ethereum Spot ETF The rationale is the same: delaying the deadline is appropriate to allow the SEC sufficient time to consider the proposed rule changes and address the issues raised therein.

Delay the Grayscale Ethereum ETF again

The SEC also postponed the proposal review of the Grayscale Ethereum ETF on the 23rd. According to the document, the review deadline was postponed to June 23.

Previously, when the SEC opened the public to comment on the Grayscale Ethereum ETF, it raised the following concerns:

• Is the Ethereum Proof of Stake manipulated and affected by a few entities?

• What are your views on ETH liquidity, transparency, and market susceptibility to manipulation?

• What are your thoughts on the correlation between the ETH spot market and the CME ETH futures market?

• CME Group ETH futures are related regulated markets. Do perpetrators also need to manipulate CME Group ETH futures to affect volatility?

• Do the above characteristics cause public concern that ETH is susceptible to fraud and manipulation?

Standard Chartered Changes Optimistic Stance

Standard Chartered Bank finally changed its optimistic attitude towards the Ethereum ETF, although many Bloomberg analysts already believe that hope is slim, Standard Chartered analysis The division still believed it might be approved on May 23.

According to The Block, Geoffrey Kendrick, head of foreign exchange and digital asset research at Standard Chartered Bank, said in the latest report: We previously expected the SEC to approve the Ethereum ETF on May 23, but this expectation was based on "Ethereum The approval process is similar to that of Bitcoin ETFs" and there will be constructive dialogue between the SEC and ETF applicants, but so far no such dialogue has occurred (or at least not publicly), which indicates that the likelihood of approval in May is low .

Standard Chartered’s view is almost consistent with that of Bloomberg analysts, that is, it will still be approved in the “long term”. Geoffrey Kendrick said: The rise in Bitcoin prices will also boost the price of ETH. Even if it is not approved in May, the global ETF’s The environment continues to improve, and we expect the U.S. to eventually approve an Ethereum ETF.

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