Coinbase Urges SEC to Give Approval to Ethereum ETFs
Coinbase’s chief legal officer, Paul Grewal, argued that the SEC has no justifiable reason to reject applications for ETH-ETFs.
Coinbase’s chief legal officer, Paul Grewal, argued that the SEC has no justifiable reason to reject applications for ETH-ETFs.
As of March 20, there was a net outflow of $261 million from spot Bitcoin ETFs.
The SEC recently extended its decision deadline for a proposed cryptocurrency exchange-traded fund (ETF) to May 23.
In a few weeks, the first major investment platform is expected to announce support for a spot Bitcoin ETF, according to Bitwise CIO Matt Hougan.
The approval decision for the Hashdex Nasdaq Ethereum exchange-traded fund (ETF) has been delayed by the Securities and Exchange Commission (SEC) until May 30, 2024.
Bitcoin ETFs in the United States reached a new record on March 12 as they received over $1 billion in net inflows for the first time.
BlackRock’s IBIT fund now holds assets under management exceeding 200,000 BTC ($14.6 billion).

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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