LATEST: SEC Commissioner Hester Peirce Signals Support for Spot Ether ETFs Approval

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.


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