SEC Implicitly Recognizes Ether As Commodity
James Seyffart, an ETF analyst at Bloomberg, predicts that the U.S. market will see the introduction of an Ethereum spot ETF after the likely approval of several Bitcoin-based equivalents next week.
Seyffart argues that the Securities and Exchange Commission (SEC) has recognized ETH as a commodity rather than a security, placing it in the same regulatory category as BTC.
The SEC has approved Ethereum futures ETFs, referring to the mass approval of funds from VanEck, ProShares, Bitwise, and Valkyrie in August.
This decision signals that regulators may now be willing to list crypto products with a higher risk profile, like Ethereum futures.
(With inputs from Shikha Singh)
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