Craig Salm, Chief Legal Officer at Grayscale, believes that the lack of engagement from the US SEC regarding spot Ethereum ETFs will not be a hindrance to their approval.
In a recent tweet, Salm mentioned that the SEC’s previous engagement with Bitcoin ETF applicants sets a precedent for Ethereum ETF approval.
Reasons for Potential Ethereum ETF Approval
Salm highlighted that the SEC has addressed key issues related to Bitcoin ETF approval, which are also applicable to Ethereum. He emphasized the similarities between Bitcoin and Ethereum, making a case for Ethereum ETF approval.
According to Salm, the correlation between ETH futures and spot prices strengthens the argument for a spot Ethereum ETF.
Concerns and Delays Surrounding Ethereum ETF Approval
Despite the optimism, recent delays and minimal regulatory activity surrounding Ethereum ETF applications have raised concerns. Reports of the SEC investigating Ethereum’s regulatory classification add further uncertainties to the approval process.
Read more about the potential for Ethereum ETF approval in the full article on CryptoSlate.
