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{"id":19795,"date":"2024-02-27T10:24:20","date_gmt":"2024-02-27T10:24:20","guid":{"rendered":"https:\/\/lunu.io\/news\/?p=19795"},"modified":"2024-02-27T10:24:22","modified_gmt":"2024-02-27T10:24:22","slug":"ethereum-etfs-on-the-horizon-will-sec-approval-spark-a-crypto-revolution","status":"publish","type":"post","link":"https:\/\/lunu.io\/news\/ethereum-etfs-on-the-horizon-will-sec-approval-spark-a-crypto-revolution\/","title":{"rendered":"Ethereum ETFs on the Horizon: Will SEC Approval Spark a Crypto Revolution?"},"content":{"rendered":"\n
In a recent development that has caught the attention of the cryptocurrency community, attorney Scott Johnsson has provided insights into the potential timeline for the U.S. Securities and Exchange Commission (SEC) to approve a spot Ethereum (ETH) Exchange-Traded Fund (ETF). According to Johnsson, there’s a possibility that the SEC could greenlight an Ethereum ETF as early as May 2024. If this ambitious timeline is not met, approval could be expected by mid-2025. This speculation is based on the SEC’s previous actions regarding spot Bitcoin ETFs, where the commission moved from initial comments on ETF registration statements to the amendment of S-1 forms within a remarkably short span. With a deadline for spot Ethereum ETFs looming in May 2023, the question on everyone’s mind is whether the SEC will mirror the expedited process it adopted for Bitcoin ETFs.<\/p>\n\n\n\n