Standard Chartered Forex Chief: SEC May Approve Ethereum Spot ETF by May 23rd

WikiBit 2024-01-31 14:09

Standard Chartered Bank's Head of Forex Business, Geoffrey Kendrick, revealed that the U.S. Securities and Exchange Commission (SEC) is expected to approve Ethereum spot ETFs on May 23. This marks the final deadline for the approval of the first batch of Ethereum spot ETFs. Kendrick's assessment is primarily based on the SEC not categorizing Ethereum as a security in legal actions against cryptocurrency companies. The listing of ETH as a regulated futures contract on the Chicago Mercantile Exchange has also contributed to this expectation.

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