Spot Ethereum ETF: A Year or Two Away, Says Valkyrie CIO McClurg

Spot Ethereum ETF: A Year or Two Away, Says Valkyrie CIO McClurg



Steven McClurg, the Chief Investment Officer at Valkyrie, has shared his view that the approval of a spot Ethereum ETF might still be a year or two away, despite the interest from major firms like Fidelity and BlackRock in launching such ETFs. Currently, Valkyrie isn't pursuing an ETF themselves.



The crypto sector has been buoyed by the recent success following the U.S. Securities and Exchange Commission's (SEC) approval of the first spot Bitcoin ETFs in the country, which have attracted substantial investments since their debut. However, the prospects for a spot Ethereum ETF appearing anytime soon seem slim.



McClurg noted in an interview that launching the spot Bitcoin ETF involved considerable effort from both the firms involved and regulators, including the SEC, due to the novelty of the asset class and the learning curve


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#Adoption, #Altcoin, #Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ethereum, #News, #Regulations

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