The Securities and Exchange Commission is reportedly poised to approve Ethereum futures exchange-traded funds (ETFs).
“This not surprising to us, we had said they would approve Ether Futures early on in race. Nice to be validated. Now what does it mean for spot? Hard to say beyond it shows that their views/policy/tolerance can change.”
Meanwhile, CEHV partner and crypto exchange critic Adam Cochran labeled it as a “big win” and had implications in all of the crypto litigation. “The SEC cannot really both simultaneously argue that ETH is some new intrinsic ‘crypto asset security’ that is unregistered and approve an ETH Futures ETF,” he
before adding, “So if the SEC is approving an Ethereum futures ETF they are intrinsically conceding that Ethereum itself is not a security.”
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