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SEC Commissioner Hester Peirce, fondly dubbed the ‘Crypto Mom,’ instills optimism regarding the imminent approval of spot Ether (ETH) exchange-traded funds (ETFs) without the necessity for legal disputes. Drawing parallels with the Grayscale precedent, Peirce underscores the commitment to a methodical and non-arbitrary approach, hinting at a seamless approval process. Major industry players, including BlackRock, VanEck, ARK 21Shares, Fidelity, and Invesco Galaxy, actively pursue SEC approval, with a 70% likelihood projected by analyst Eric Balchunas. Peirce’s positive outlook positions spot Ether ETFs on a trajectory toward potential approval, marking a pivotal phase in the cryptocurrency market’s ongoing evolution. The spotlight remains on the SEC’s forthcoming decisions, as Peirce’s stance amplifies the anticipation surrounding the approval of spot Ether ETFs.
