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The President of The ETF Store: Still believes that the U.S. SEC will approve a spot Ethereum ETF next week

The President of The ETF Store: Still believes that the U.S. SEC will approve a spot Ethereum ETF next week

Bitget2024/07/13 01:09

The President of The ETF Store, Nate Geraci, posted on social media saying, "It seems that the U.S. SEC is taking measures similar to 19b-4s for spot Ethereum ETFS-1s... I still think it will be approved next week, there's absolutely no reason to delay." In response to this, Bloomberg's ETF analyst Eric Balchunas said, "Yes, there was no movement from the SEC this week. It's unclear why they're taking so long; every issuer is ready and the documents are prepared. It's like a baseball game delayed due to rain - we can only wait. Maybe things will progress quickly next week."

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