Grayscale executive sees path to Ethereum ETF approval despite SEC silence
Summary
Grayscale's Chief Legal Officer, Craig Salm, believes that the SEC's lack of engagement with spot Ethereum ETF applicants won't hinder approval, citing similarities with Bitcoin ETF approval process. He emphasizes the strong case for an Ethereum ETF, backed by the correlation between ETH futures and spot prices. However, growing skepticism arises due to SEC's delays and minimal regulatory activity, compounded by uncertainty over Ethereum's regulatory classification.
