Bitcoin Maximalist’s Perspective
Max Keiser, a well-known Bitcoin supporter, has criticized the Ethereum (ETH) spot Exchange-Traded Fund (ETF) proposal. He calls it a “proof-of-stake scam” and believes it doesn’t meet the SEC’s approval requirements.
SEC’s Silence and Uncertainty
The SEC has yet to make a decision on the ETH spot ETF, leaving investors and enthusiasts in limbo. This uncertainty is fueled by the lack of clear information about the approval process.
Bloomberg Analyst’s Outlook
Eric Balchunas, a Bloomberg analyst, estimates the chances of SEC approval at only 25%. He cites the SEC’s cautious approach and lack of positive signs.
VanEck’s Concerns
VanEck CEO Jan Van Eck expects their Ethereum ETF application to be rejected due to regulatory delays and lack of SEC clarity.
Overseas Interest in Spot ETH ETFs
Despite the uncertainty in the US, Hong Kong regulators are reportedly considering approving ETFs that invest directly in Bitcoin and Ethereum. This signals a potential shift in global attitudes towards cryptocurrency investment products.
