Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»American Investment Bank TD Cowen Says Ethereum ETF Will Be Delayed
ETHEREUM NEWS

American Investment Bank TD Cowen Says Ethereum ETF Will Be Delayed

By Crypto FlexsJanuary 15, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
American Investment Bank TD Cowen Says Ethereum ETF Will Be Delayed
Share
Facebook Twitter LinkedIn Pinterest Email

Even though the U.S. Securities and Exchange Commission (SEC) has approved the approval of a spot Bitcoin ETF, TD Cowen, a prominent American investment bank and financial services company, predicts that the approval process for the Ethereum spot ETF is likely to be delayed.

Ethereum Spot ETF Faces Potential Hold

TD Cowen, the investment banking and financial services division of TD Securities, made a bold prediction. American stock exchange It is highly unlikely that the Ethereum Spot ETF will be approved before the deadline. Currently, the SEC is mandated to make a final decision on the rejection or acceptance of the Ethereum spot ETF between May 23 and August 7, 2024.

Earlier on January 10th, The SEC has officially approved a spot Bitcoin ETF., which raised expectations that the ETH spot ETF would follow suit. Ark 21 Shares, VanEck, fidelity, black stoneand Hashdex You have submitted your Spot Ethereum ETF application. The regulator also set a new deadline of January 25 for Grayscale’s Ethereum spot ETF.

TD Cowen’s prediction is consistent with the SEC’s generally cautious approach toward cryptocurrency-related investment products. Investment banks are regulated by ETH Spot ETF Delayed Until you have accumulated sufficient knowledge and experience from previously approved Bitcoin spot ETFs. The bank estimates that delays are likely to last beyond the upcoming election, although they could not take up to 26 months.

Likewise, cryptocurrency investor Scott Melker. X (formerly Twitter) highlighted the SEC’s possible hesitation in granting approval. Ethereum Spot ETF. Melker predicted that the SEC would be reluctant to approve an Ethereum ETF without external approval. legal pressure This is similar to what was observed during the Spot Bitcoin ETF approval process.

“Gary Gensler will not accept the Ethereum Spot ETF unless the courts force him to do so. I highly doubt we’ll see it anytime soon. But I hope to be proven wrong,” Melker said.

ETH price recovers above $2,500 | Source: ETHUSD on Tradingview.com

Classes before approval

JP Morgan, an American multinational financial services company, has introduced another layer of complexity to the approval process for the Ethereum Spot ETF. Nikolaos Panigirtzoglou, Managing Director at JP Morgan decided There was a 50% chance that the US SEC would approve these spot ETFs by the May deadline.

Panigirtzoglou said the SEC would have to classify ETH as a similar product to Bitcoin before officially approving it. Find the Ethereum ETF.

In contrast, Bloomberg senior analyst Eric Balchunas is more optimistic about the approval of the Ethereum Spot ETF. Analysts gave a 70% probability. secretary ETH spot ETF approved. Balchunas previously said he couldn’t imagine a scenario where the SEC approves the Spot Bitcoin ETF and rejects the Ethereum Spot Bitcoin ETF.

Featured image from Tech Cabal, chart from Tradingview.com

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025

Can Etherrium price return to $ 4,000? Analysts say that ETH should go beyond this support.

June 16, 2025
Add A Comment

Comments are closed.

Recent Posts

French “Spiderman” Scales Skyscraper To Launch World’s First Action Token

June 26, 2025

Deribit And SignalPlus Launch “The Summer Chase” Trading Competition 2025 Featuring A $300,000+ USDC Prize Pool

June 26, 2025

Why I am still optimistic despite noise

June 26, 2025

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

Reddio Mainnet Alpha Is Live – The First GPU-Accelerated Parallel EVM For AI-Native DApps

June 26, 2025

RoboCorp.co Debuts World’s First Search Engine That Converts Human Data And Expertise Into Crypto Income

June 26, 2025

Moca Foundation Announces Moca Chain For Self-sovereign, Privacy-preserving Identity And User Verification

June 26, 2025

GSR Launches Enhanced Systematic OTC Platform, Expanding FX Capabilities And Asset Coverage

June 25, 2025

How To Turn $100 Into $1,000,000 In 2025

June 25, 2025

Neo Pepe $NEOP Presale Passes $2M Raised With Stellar CertiK Audit

June 25, 2025

Encryption Inheritance Update: June 2025

June 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

French “Spiderman” Scales Skyscraper To Launch World’s First Action Token

June 26, 2025

Deribit And SignalPlus Launch “The Summer Chase” Trading Competition 2025 Featuring A $300,000+ USDC Prize Pool

June 26, 2025

Why I am still optimistic despite noise

June 26, 2025
Most Popular

Phuket Pioneers Blockchain Mass Adoption in Thailand with B2GC: Blockchain-Government Conference

January 4, 2024

SOLANA: Decoding impact of $ 15.5 million at the price of SOL

May 8, 2025

Best sales NFT this week

March 23, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.