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»SEC Delays Lower Approval Expectations for Ethereum ETF Until May Despite Addition of Staking
ETHEREUM NEWS

SEC Delays Lower Approval Expectations for Ethereum ETF Until May Despite Addition of Staking

By Crypto FlexsMarch 20, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SEC Delays Lower Approval Expectations for Ethereum ETF Until May Despite Addition of Staking
Share
Facebook Twitter LinkedIn Pinterest Email

The US SEC has postponed the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs), recent regulatory filings show.

The delay affected proposals from investment firms including Grayscale, which added a staking component to its ETH ETF application, along with VanEck, Ark Invest, Hashdex and Fidelity, sparking discussions about the future of cryptocurrency ETFs in the US.

Less likely to be approved

Bloomberg ETF analyst James Seyffart has been monitoring the situation closely. expressed change It stems from his previously cautious and optimistic outlook regarding the approval of an Ethereum ETF.

He noted that the SEC’s lack of engagement on Ethereum-related matters contrasted sharply with its approach to Bitcoin ETFs last fall, dampening hopes for a positive outcome by the crucial May 23 deadline.

Likewise, Eric Balchunas recently pointed out that the lack of bullish signs and sources that existed prior to the Bitcoin ETF approval has significantly reduced the likelihood of a favorable decision for the Ethereum ETF, estimating the probability at 35%.

The conversation went beyond the ETF delay and covered the broader regulatory environment for cryptocurrencies. Some have suggested that the SEC may insist on a court order before approving an Ethereum ETF, citing potential differences between Ethereum and Bitcoin in terms of designation.

However, Seyffart disagreed with the notion that Ethereum could be classified as a security, a notion that could fundamentally affect its regulatory treatment.

The discussion also covered areas of potential outcomes and strategies. Seyffart speculated on the future of Grayscale’s Ethereum futures product and implications for potential legal challenges to the SEC’s decision.

ETF Staking

Meanwhile, both Fidelity and Grayscale have added modifications to their Ethereum ETF applications to include staking components.

Staking, a fundamental aspect of the Ethereum Proof of Stake (PoS) model, involves locking up digital assets to support the security and functionality of the network and providing rewards to participants in the form of additional cryptocurrency.

Like Fidelity, Grayscale’s proposal would allow ETFs to allocate a portion of their holdings to staking through selected providers, potentially including affiliates. The move is designed to explore income generation possibilities within a regulated financial framework, and the ETF is expected to receive Ethereum tokens as network rewards, which can be considered as income for the fund.

But the additional measures come amid increased scrutiny from U.S. lawmakers, who recently called on the SEC to stop approving new cryptocurrency-related ETFs due to concerns about investor risks.

As the May 23 deadline approaches, the cryptocurrency community remains anxious and awaits further developments.

Ethereum market data

At press time March 20, 2024, 2:25 AM (UTC)Ethereum is 2nd in market capitalization and its price is Under 6.6% In the last 24 hours. Ethereum’s market capitalization is $384.94 billion With 24-hour trading volume $33.96 billion. Learn more about Ethereum ›

Cryptocurrency Market Summary

At press time March 20, 2024, 2:25 AM (UTC)The overall cryptocurrency market is worth: $2.36 trillion with 24 hour volume $184.43 billion. Current Bitcoin dominance is 52.29%. Learn more about cryptocurrency markets ›

Mentioned in this article
recent Alpha market report

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

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

Zama Raises $57M In Series B To Bring End-to-End Encryption To Public Blockchains

June 25, 2025

Gelato And Morpho Partner To Offer Embedded Crypto-Backed Loans For Wallets, Brokers, And Fintech Apps

June 25, 2025

Magic Newton Foundation Redefines Fair Token Launches With $NEWT

June 25, 2025

Like the initial Cardano, a way to reach $ 300 for Loy tokens more than $ 450K

June 25, 2025

AIXA Miner 2025 | AI-Driven Dogecoin Cloud Mining For Stable Daily Passive Income

June 24, 2025

Stably Introduces Stablecoin Development & Advisory Services For Institutions & Enterprises

June 24, 2025

Senior Trader Uses XRP To Start Bitcoin (BTC) Mining Machine, Earning $8,857 A Day

June 24, 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

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
Most Popular

According to Crypto Analyst, there are signs of altcoins blinking as multiple coins are mounted for average return.

February 13, 2025

Bitcoin Cash (BCH) is poised to break through this major resistance.

April 24, 2024

The Hong Kong mortgage market rose in the January 2025 application.

February 28, 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.