Ether ETF verdict: Gensler stays muted

In his recent interview with CNBC’s Squawk Box, United States Securities and Exchange Commission (SEC) Chair Gary Gensler remained tight-lipped about the potential for spot Ether exchange-traded funds (ETFs).

When asked about the status of ETF decisions, Gensler simply stated that the process would follow the same procedures as Bitcoin ETFs, providing no further information on current progress or a potential timeline.

The SEC recently delayed their decision on the Invesco Galaxy Ether ETF application, as well as previous delays on Invesco’s ETF application in December.

Other Ethereum ETF applications, including those from Grayscale, Fidelity, and BlackRock, have also been postponed by the SEC, with additional firms such as VanEck and Hashdex also seeking approvals.

On February 12, Franklin Templeton, a $1.5 trillion asset management firm, submitted an S1 filing for a spot Ether ETF, indicating their intention to stake a portion of the ETF’s Ether for passive income, similar to ARK 21Shares’ revised filing.

Exploring the Differences Between Web 2.0 and Web 3.0

If you’re looking to acquire cryptocurrency, there are a few ways to go about it. One option is to participate in the latest developments in the helium and gala crypto markets. Alternatively, you can learn how to create a web 3.0 website and take advantage of the growing popularity of this new version of the internet.

Many experts are predicting that July 2022 will be a significant month for the crypto world, with potential approvals for spot Ether ETFs and other developments on the horizon. However, some analysts, such as Gary Vee, are lowering their expectations for a spot Ether ETF approval in 2024.

While web 3.0 may have similarities to its predecessor, web 2.0, there are also significant differences that set it apart. As we’ve seen with the recent success of BlackRock’s iShares Bitcoin Trust, the rise of web 3.0 is changing the landscape for cryptocurrency and the internet as a whole.

Stay informed on the latest news and updates in the crypto world, whether through traditional media outlets like CNBC or through specialized agencies dedicated to all things crypto.

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