SEC上月批准了纳斯达克、芝加哥期权交易所和纽约证交所上市现货以太坊ETF的申请。对于加密货币行业来说，这是一个意外的胜利，该行业曾预计，在与监管机构举行会议后，SEC会拒绝这些申请。Source: Jin10 Data
It seems that the SEC has really given up on its intention to block the listing of ethereum ETFs.
Jay Clayton, Chairman of the Securities and Exchange Commission (SEC), said on Wednesday that the timing of spot ETFs trading linked to cryptocurrency ethereum largely depends on the issuer's response time to SEC inquiries.
The SEC approved the applications of Nasdaq, CBOE Global Markets and the New York Stock Exchange for spot ethereum ETFs last month. This was an unexpected victory for the cryptocurrency industry, which had expected these applications to be rejected by the regulatory authorities after holding meetings with them.
Before the ETFs start trading, the SEC must still approve the issuer's registration statement, which details investor disclosure information. This process usually involves a lot of communication between the ETF issuer and SEC officials.
He said, 'These registrants will all respond proactively to the comments received, but the degree of response actually depends on themselves.' Clayton refused to disclose whether he thought the process would take weeks or months.
Clayton and SEC officials did not comment on why the SEC had a big turnaround and approved the application for spot ethereum ETFs, but he said on Wednesday that a lawsuit filed by Grayscale last year forced the SEC to approve the application for spot bitcoin ETF in January, which affected the SEC's view of ethereum.
Grayscale successfully argued at the time that since the SEC had previously approved ETFs linked to bitcoin futures, it should also approve spot bitcoin ETFs because the price of bitcoin futures is highly correlated with the spot price.
Clayton said that these cases are similar because spot ethereum ETFs have been trading since last year. SEC staff 'looked at these documents, looked at various correlations... which are relatively similar to the correlations in the bitcoin space.'
After a court ruling in favor of Grayscale last year, the SEC approved spot bitcoin ETFs in January this year. Clayton admitted the court's decision in a statement at the time and added that he believed approving these products was 'the most sustainable path forward.'
For 10 years, the SEC has been rejecting bitcoin ETFs. Clayton said, 'But the court made the opposite ruling. We have made adjustments.'
However, he added that he still believes that the cryptocurrency field 'is full of fraud, scams, and conflicts.'
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