Grayscale’s legal chief, Craig Salm, remains optimistic that the SEC will approve spot Ethereum ETFs.
Lack of Engagement Not Necessarily Negative
Salm dismisses concerns about the SEC’s lack of engagement on ETH ETF applications, saying it may indicate less need for discussion since the issues raised for Bitcoin ETFs are similar.
Positive History with Bitcoin ETF Approval
He highlights the positive and constructive engagement Grayscale experienced during the approval process for Bitcoin ETFs, suggesting that similar discussions have already taken place for Ethereum ETFs.
Delays and Extensions
In January, the SEC delayed decisions on BlackRock and Grayscale’s spot Ethereum ETF applications. The agency has also extended the approval deadline for applications from Hashdex and Ark 21Shares to May 30th.
Disclaimer
The views expressed in this article are not investment advice. Investors should conduct their own research before making any investment decisions.
