Why Spot Ethereum ETF Approval is being delayed?

Krutika Adani

Investors are anticipating SEC approval for Ethereum ETFs, which, once granted, could potentially trigger a rise in Ethereum's market value

The SEC's deliberation on these ETFs seems to be prolonged, possibly due to concerns regarding safeguarding investor interests and preventing market manipulation

A probable explanation for the delay could be that asset managers are yet to fully align with the SEC's prerequisites for approval

While the approval of Bitcoin ETFs signals a positive outlook for Ethereum ETFs, the SEC remains cautious in its approach.