Cinthia Murphy, ETF Think Tank research director, explains why she thinks the U.S. Securities and Exchange Commission’s (SEC) has "no real ground to deny" ether futures ETF applications.
We have futures. Bitcoin ETF S already in the market. We've had them for two years. So there really is no good reason why em ETF S would be any different. So the sc I think had no real ground to deny all these applications. Now, do they impact at all? How the Spot Race changes? Uh probably not. Uh the, the impact should be the same we've seen with the Bitcoin futures products, which is, you know, nothing has really happened. There has been no acceleration on the spot chase. So I think this is just the sec doing what it has to do, which is approve these products. They have no real reason to say no. Uh We've had uh the Bitcoin futures products have worked really well. Price discovery works well. Um Access works well, they have really no issue to, to flag these products is any different from that. Uh But, you know, is that going to change? What happens now with the Spot Race? I think the way we interpret this as is this just one more step in the right direction? Is it the one more step in trying to mainstream access to crypto assets through ETS. Uh, but the, the, the race for the spot access that remains unchanged, we continue to wait for, for the SEC to, to soften its stance on that front.