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»Claims to be a ‘proof-of-stake fraud’ that is unsuitable for SEC approval
ETHEREUM NEWS

Claims to be a ‘proof-of-stake fraud’ that is unsuitable for SEC approval

By Crypto FlexsApril 13, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Claims to be a ‘proof-of-stake fraud’ that is unsuitable for SEC approval
Share
Facebook Twitter LinkedIn Pinterest Email

The Ethereum (ETH) community has been eagerly awaiting news of the spot approval of the Ethereum Exchange-Traded Fund (ETF), which is scheduled to occur by May.

However, speculation about a possible approval is growing as the U.S. Securities and Exchange Commission (SEC) has remained conspicuously silent on the matter.

This speculation is fueled by the lack of concrete details about the approval process, which has investors and enthusiasts worried and excited.

Bitcoin Maxi weighs in on approval of Ethereum spot ETF

In the Ethereum ETF debate, notable voices from the cryptocurrency space have offered their perspectives.

Max Keizer, a famous Bitcoin maximalist and advisor to the President of El Salvador, recently express Skepticism about SEC’s cautious approach to approving Ethereum ETF.

Kaiser, known for his staunch defense of Bitcoin and skepticism about alternative cryptocurrencies, has dismissed Ethereum as a “proof-of-stake scam” and suggested it lacks the regulatory support needed for SEC approval.

The SEC is right not to approve the Ethereum (ETH) ETF.

This is a proof-of-stake scam that does not meet all the requirements required by the SEC. https://t.co/nLz8boTGtW

— Max Keiser (@maxkeiser) April 11, 2024

Keiser’s sentiments echo those of Eric Balchunas, senior ETF analyst at Bloomberg. He recently shared a conservative outlook on the likelihood of the ETH spot ETF receiving regulatory approval.

Balchunas estimated the odds of approval at just 25%, further adding to the uncertainty surrounding the prospects for the Ethereum ETF.

For Eth ETF approval, we are holding the line at a 25% probability, even though it is a very pessimistic 25%. Lack of engagement seems like both purposefulness and procrastination. No matter where you look, there are no positive signs or information. Personally I hope they approve it, but it just doesn’t look good. https://t.co/nuBdCDE18L

— Eric Balchunas (@EricBalchunas) March 25, 2024

VanEck CEO Jan Van Eck also expressed expectations that Ethereum ETF applications may be rejected, citing lengthy regulatory reviews and a lack of clarity from the SEC.

Spot ETH ETF garners foreign regulatory attention

Amid uncertainty surrounding the US SEC’s stance on Ethereum ETFs, the report suggests a contrasting regulatory environment in Hong Kong.

Hong Kong regulators will soon approve exchange-traded funds that invest directly in Bitcoin and Ethereum, signaling a potential shift in global regulatory attitudes toward cryptocurrency investment products, according to Bloomberg.

If approved, these ETFs could provide investors with a new avenue for exposure to digital asset markets. Several companies are ready to launch ETFs pending regulatory approval from the Securities and Futures Commission.

ETH price is moving sideways on the 4-hour chart. Source: ETH/USDT on TradingView.com

Among potential issuers awaiting approval are the international arm of Chinese asset manager Harvest Fund Management Co. and a partnership between Bosera Asset Management (International) Co. and HashKey Capital.

Subject to regulatory approval, these companies have announced their intention to launch ETFs investing in BTC and ETH, underscoring the growing demand for cryptocurrency investment products in global markets.

Featured image by Unsplash, chart by TradingView

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Enterprise Ethereum Alliance accelerates strategic vision with new leadership and board promises -Enterprise Ethereum Alliance

June 5, 2025

Checkpoint #3: June 2025 Stats Ether Leeum Foundation Blog

June 4, 2025

Trump Deepfake requires Velociraptors in Border Patrol.

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin protection zones, Stablecoin regulations are the main drivers.

June 5, 2025

BITMEX, June 10 Q3 2025 quarter gifts

June 5, 2025

More XRP metrics offer a $ 3 rally in June.

June 5, 2025

Nibiru starts the “Block Party” AURA program to compensate for actual defect activities.

June 5, 2025

More XRP metrics offer a $ 3 rally in June.

June 5, 2025

South Africa central bank insists on the ‘old -fashioned’ exchange control law, which is still valid for encryption regulations.

June 5, 2025

Bitcoin (BTC) faces profit pressure when returning from a new ATH.

June 5, 2025

BYDFI and Director Leadger Nano X Limited Limited Global Campaign with limited bydfi x ledger

June 5, 2025

Enterprise Ethereum Alliance accelerates strategic vision with new leadership and board promises -Enterprise Ethereum Alliance

June 5, 2025

Analysts predict a new all -time high of one asset, according to the Solana -based Memecoin setting stage ‘Full Blown Parabola’.

June 5, 2025

NVIDIA’s LLAMA NEMOTRON NANO VL sets new standards of OCR accuracy.

June 5, 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

Bitcoin protection zones, Stablecoin regulations are the main drivers.

June 5, 2025

BITMEX, June 10 Q3 2025 quarter gifts

June 5, 2025

More XRP metrics offer a $ 3 rally in June.

June 5, 2025
Most Popular

Mastercard steps forward as a mentor for blockchain startups

May 18, 2024

Can Sponge V2 repeat that 100x surge in its upcoming launch? Oscar Ramos Video Review

March 16, 2024

Rumors of an Apple robot are spreading, but will it actually sell?

August 26, 2024
  • 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.