Topic: The SEC (USA) is Now Weighing an Ethereum ETF Proposal (Read 907 times)
I think this is unlikely to happen for any cryptocurrency anytime soon.
We are looking at a minimum $100/ETH by year end.
Lets see. Im excited to see where this is going to. I highly doubt eth is going to be regulated now tho.
This has to do with creating a fund containing ETH. Investors can then buy shares of the fund. It's more about if regulators will allow a digital asset such as ETH to be sold in this type of fund. SEC does regulate asset based funds.
When ETF submits ETH proposal
because iam never hear news if ETF submit proposal to SEC
if SEC accepted ETH i think ETH price can incraese very high, and maybe ETH can relace bitcoin position anda can market leader in cyotocurency industry
because iam never hear news if ETF submit proposal to SEC
if SEC accepted ETH i think ETH price can incraese very high, and maybe ETH can relace bitcoin position anda can market leader in cyotocurency industry
If you take the time to read the document at the link I provided above you'll learn that ETF means Exchange Traded Fund and as such does not submit proposals. The primary asset of this fund would be ETH and Coinbase would be the trusted custodian of the funds. The proposal was put forward by NYSE Arca, Inc.. The name of the proposed fund is EtherIndex Ether Trust.
We are looking at a minimum $100/ETH by year end.
Lets see. Im excited to see where this is going to. I highly doubt eth is going to be regulated now tho.
When ETF submits ETH proposal
because iam never hear news if ETF submit proposal to SEC
if SEC accepted ETH i think ETH price can incraese very high, and maybe ETH can relace bitcoin position anda can market leader in cyotocurency industry
because iam never hear news if ETF submit proposal to SEC
if SEC accepted ETH i think ETH price can incraese very high, and maybe ETH can relace bitcoin position anda can market leader in cyotocurency industry
" The Commission designated April 23, 2017, as the date by which it should
approve, disapprove, or institute proceedings to determine whether to approve or
disapprove the proposed rule change."
They seem to be dragging their butts on this or the decision has been made and its just not published yet.
https://www.sec.gov/rules/sro/nysearca/2017/34-80501.pdf
The document gives no indication for either approval or disapproval and as such it's purely speculation. Based on history it's likely to be rejected or they will have to explain why they rejected the bitcoin ETFs. There would be no logic to rejecting something based on a highly secure system like BTC and then accepting a much less secure item with a history of failure.
approve, disapprove, or institute proceedings to determine whether to approve or
disapprove the proposed rule change."
They seem to be dragging their butts on this or the decision has been made and its just not published yet.
https://www.sec.gov/rules/sro/nysearca/2017/34-80501.pdf
The document gives no indication for either approval or disapproval and as such it's purely speculation. Based on history it's likely to be rejected or they will have to explain why they rejected the bitcoin ETFs. There would be no logic to rejecting something based on a highly secure system like BTC and then accepting a much less secure item with a history of failure.
We are looking at a minimum $100/ETH by year end.
The U.S. Securities and Exchange Commission (SEC) is currently mulling over a decision to greenlight EtherIndex Ether Trust's Exchange-Traded Fund (ETF). The backers of the EtherIndex Ether Trust first filed in July 2016, seeking to launch an ETF backed by a cache of ethers on the NYSE Arca exchange. NYSE Arca then filed for a proposed rule change clearing the way for the ETF listing in December.
It remains to be seen whether the SEC moves to approve the proposed ETF. In the past month and a half, the SEC has rejected rule changes that would have cleared the way for two Bitcoin ETFs, citing concerns over market surveillance and insufficient regulation.
On the other hand, the SEC acceptance of an ETF based in Ether would signal a victory for players in the industry seeking acknowledgement from central banking corporations and legislative bodies, both of which have a strong influence over the policies and regulation of the virtual currency ecosystem.
Do you think the SEC could approve the Ethereum ETF instead of the Bitcoin ETF?
It remains to be seen whether the SEC moves to approve the proposed ETF. In the past month and a half, the SEC has rejected rule changes that would have cleared the way for two Bitcoin ETFs, citing concerns over market surveillance and insufficient regulation.
On the other hand, the SEC acceptance of an ETF based in Ether would signal a victory for players in the industry seeking acknowledgement from central banking corporations and legislative bodies, both of which have a strong influence over the policies and regulation of the virtual currency ecosystem.
Do you think the SEC could approve the Ethereum ETF instead of the Bitcoin ETF?
Source?
How will it affect ethereum in case of positive decision?
Bitcoin still has a chance through grayscale ETF. But my attention will be on the entethereumalliance. In my knowledge ethereum have a lot of partnerships with biggest companies such as J.P Morgan and Microsoft.
My though if that's reflecting the trustability of a lot of the big companies to the ethereum itself.
But regarding the bitcoin ETF there is a lot of chance it will be on another ignore list by SEC. The SEC problem will be same as bitcoin ETF.
51% they could be ignored.
My though if that's reflecting the trustability of a lot of the big companies to the ethereum itself.
But regarding the bitcoin ETF there is a lot of chance it will be on another ignore list by SEC. The SEC problem will be same as bitcoin ETF.
51% they could be ignored.
No, I doubt much that it will ever get regulated, for the same reasons than the two Bitcoin ones : the crypto-currency scene is still too young, it is not regulated enough...
Much higher chance than bitcoin to get approved. It has the backing of institutions and corporations that actively work / use it. Not to mention it is not controlled by the chinese. If it gets approved expect a 100% increase in price, if not, well then the price remains the same.
However, better chance than bitcoin doesn't mean it gets approved, we'll see.
However, better chance than bitcoin doesn't mean it gets approved, we'll see.
The U.S. Securities and Exchange Commission (SEC) is currently mulling over a decision to greenlight EtherIndex Ether Trust's Exchange-Traded Fund (ETF). The backers of the EtherIndex Ether Trust first filed in July 2016, seeking to launch an ETF backed by a cache of ethers on the NYSE Arca exchange. NYSE Arca then filed for a proposed rule change clearing the way for the ETF listing in December.
It remains to be seen whether the SEC moves to approve the proposed ETF. In the past month and a half, the SEC has rejected rule changes that would have cleared the way for two Bitcoin ETFs, citing concerns over market surveillance and insufficient regulation.
On the other hand, the SEC acceptance of an ETF based in Ether would signal a victory for players in the industry seeking acknowledgement from central banking corporations and legislative bodies, both of which have a strong influence over the policies and regulation of the virtual currency ecosystem.
Do you think the SEC could approve the Ethereum ETF instead of the Bitcoin ETF?
It remains to be seen whether the SEC moves to approve the proposed ETF. In the past month and a half, the SEC has rejected rule changes that would have cleared the way for two Bitcoin ETFs, citing concerns over market surveillance and insufficient regulation.
On the other hand, the SEC acceptance of an ETF based in Ether would signal a victory for players in the industry seeking acknowledgement from central banking corporations and legislative bodies, both of which have a strong influence over the policies and regulation of the virtual currency ecosystem.
Do you think the SEC could approve the Ethereum ETF instead of the Bitcoin ETF?
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