The American stock market watchdog has postponed its decision on an ether spot ETF file, that of asset manager Vaneck.

While the crypto market has regained strength, with bitcoin gaining 7% in one day, bad news for the ecosystem. We will probably have to wait a little longer for spot ether ETFs, as the American regulator (the SEC) has decided to postpone its decision on the case of asset manager Vaneck until May 23. This announcement comes as the regulator has already postponed its responses to the Hashdex and ARK 21Shares spot ether ETF files.

For its part, Vaneck was one of the first asset managers to develop its bitcoin spot ETF, launched in mid-January at the same time as 10 competing ETFs of this type. The investment fund wishes to offer a promising spot ether ETF alongside it, predicting that this type of product will exceed spot bitcoin ETFs in terms of total long-term assets. According to Vaneck, equivalent products on ether could benefit from higher revenues, because even if they do not take into account possible staking products, this form of passive return made possible by holding hard ethers, they are much more liquid and efficient.

Likewise, in view of the performance curve of ether, which roughly matches that of bitcoin, we can actually predict a boost effect if the regulatory green lights are issued. As a reminder, on January 10, the American stock market watchdog (the SEC) has authorized 11 spot bitcoin ETFs, offered in particular by asset managers like Blackrock and Fidelity. An ETF (or Exchange Traded Funds) is an index fund trading on a stock exchange which follows the evolution of a stock index (or one or more financial or physical assets, such as gold) by replicating the increase as well as the drop in the price of this index (or these assets).

Optimistic, some investors are banking on the authorization of spot ether ETFs later this year.

Antoine Larigaudrie with Pauline Armandet


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