Could litigation be the necessary path for the approval of a spot Ethereum ETF?

Indra55

The world's leading ETF issuer and largest asset management company, BlackRock, is the first to devise an exchange monitoring agreement to address manipulation concerns, with 11 ETF issuers making significant concessions to regulatory agencies, such as settling in cash rather than Bitcoin, in seeking their approval.

However, in the end, Grayscale's courtroom victory forced SEC Chairman Gary Gensler to approve Bitcoin-based financial products. An appellate judge criticized the agency for approving futures-based ETFs earlier without approving spot-based ETFs and called for a reassessment of its listing standards.

So, the launch of Ethereum futures ETF could be a positive sign. However, Gensler stated in his public statement that approving a Bitcoin ETF "does not signal the Commission's willingness to allow listing standards for crypto asset securities."

Crypto mom and SEC Commissioner Hester Peirce recently mentioned in a Coinage interview that the SEC is unlikely to take the litigation route for an Ethereum ETF, and the agency will apply precedents when making decisions.

Iti9

This is definitely going to be approved.

Jiten171

Is the necessary path really indispensable?

Jatin255

It might not be so absolute or the only one after all; not necessarily definitive.

Jiger955

Let's just take a closer look at this.