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CryptoIntelligence 2024-03-20 22:12:04

Ethereum’s Path to ETF Approval Faces Uncertainty Amid Increased SEC Scrutiny

Ethereum’s Path to ETF Approval Faces Uncertainty Amid Increased SEC Scrutiny

John Lo, the founder of Recharge Capital, shared insights with Cointelegraph regarding the future of Ether exchange-traded funds (ETFs) in the U.S., emphasizing a less certain path compared to the previously approved Bitcoin ETFs. He anticipates that the Securities and Exchange Commission (SEC) will intensify its examination of all forthcoming crypto-based ETFs, particularly those related to Ether. Lo highlighted, “Scrutiny towards cryptocurrency ETFs has only grown, as you could argue to a certain degree that the SEC was forced to approve the Bitcoin ETFs because of its case with Grayscale. No doubt, the SEC internally views that as a huge

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