TRON founder voices concerns over Ethereum ETF’s regulatory hurdles.
Belief in near-term spot Ethereum ETF approval is fading in the face of mounting skepticism. Justin Sun, the founder of TRON Foundation, has expressed doubts regarding the potential approval of a spot Ethereum exchange-traded fund (ETF) in the upcoming month.
1/ Recently, there’s been a lot of chatter about spot #Ethereum ETFs. I personally am not deterred by it and believe the ETFs should be approved. But right now I want to talk about how I think perceived “lack of SEC engagement” should be viewed at this point:
— Craig Salm (@CraigSalm) March 25, 2024
The SEC’s decisions on the filings by VanEck and ARK are expected on May 23 and May 24. With the prevailing pessimistic view, an approval would come as a pleasant surprise, while a delay or rejection potentially impacts the market in the short term.