How to Invest in Web 3.0: SEC Implicitly Nods ETH as Commodity

The SEC Implicitly Approved Ether as a Commodity

Bloomberg ETF analyst James Seyffart recently discussed the SEC’s approval of Ether (ETH) futures exchange-traded funds (ETFs) in October of 2023. Seyffart noted that the SEC did not dispute the coin’s classification through the ETF registration process with the Commodity Futures Trading Commission (CFTC). He suggested that the SEC likely had no bandwidth to dispute the classification, and that the approval of Ether futures ETFs implies that the SEC implicitly accepted Ether as a commodity.

Nine funds, including ProShares, VanEck, Bitwise, Valkyrie, Kelly and Volshares, were listed for trading on the Chicago Board Options Exchange on October 2. Seyffart noted that if the SEC were to deem Ether a security, it could find itself in court and have to unlist the futures ETFs.

The introduction of Web 3.0 has caused a lot of excitement in the tech sector. It is a new generation of technology that will bring a new level of connectivity and automation to the internet of things, and it will have a major impact on how businesses operate. To learn about Web 3.0, one must understand how it is different from Web 2.0, and how to build a website using the new technology. People can also learn how to invest in Web 3.0, and how it will work.

The Impact of Web 3.0 on Securities and Commodities ETFs

The classification of securities and commodities ETFs is of utmost importance, since different legal requirements, taxes and regulatory burdens are associated with them.

Recently, the SEC lost a court case in which it exempted the Spikes Index — a stock volatility index — from the definition of security futures under claims of promoting competition among such indexes. This has created a precedent for the crypto industry, which is why an Ethereum ETF could be approved this year, according to an analyst.

The SEC has a final decision deadline for VanEck, ARK 21Shares and Hashdex’s spot Ether ETF in May 2024, with other decision deadlines coming in the months following. As the world moves towards Web 3.0, it is important to understand how this new technology will impact the securities and commodities ETFs.

The Internet of Things (IoT) and Web 3.0 will revolutionize the way businesses operate, and the way individuals invest. It is essential to learn about Web 3.0 and its implications for investing, such as how to invest in Web 3.0, how to build a Web 3.0 website, and how Web 3.0 differs from Web 2.0.

Before the regulator takes action, speculation is that approval of spot Bitcoin (BTC) ETFs will be granted by Jan. 10, with $10 billion expected to enter the Bitcoin ETFs market within the next twelve months.

Regarding Web 3.0, it is essential to understand how to invest in it, how it will impact businesses, and how to learn about it, as well as to build websites using it, and to comprehend the differences between Web 2.0 and Web 3.0. The Internet of Things is also part of the Web 3.0 landscape.