Row 7810

Row ID: 7810 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 7810 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Many "experts" see a denial of the Ethereum ETF.

Their main argument: The SEC sees ETH not as commodity, but as security.

But this is not a reason to deny the ETH ETF. There are 2 crypto "futures ETFs" already:

1) The main OG coin futures ETF

2) Ethereum futures ETF

Futures are far more risky than Spot ETFs. Because the ETH futures ETF already exists, the chances of a Spot ETH ETF to be approved isn't zero.

To you remember the week before official approval of the OG coin ETF?

- one (quite unknown) source states that the OG coin ETF were to be denied

- days later the SEC's twitter account got "hacked", tweeting the approval

- hours later the real SEC tweeted they got hacked

Prices went wild, crypto is volatile yes...but on every of these news - fake or not - prices went up or down until the official announcement of the approval came.

On 23th May 2024, the decision on the Ethereum ETF will be made. Expect fake news to spread. Also expect both outcomes, even if markets priced in the denial.

FieldValue
text Many "experts" see a denial of the Ethereum ETF. Their main argument: The SEC sees ETH not as commodity, but as security. But this is not a reason to deny the ETH ETF. There are 2 crypto "futures ETFs" already: 1) The main OG coin futures ETF 2) Ethereum futures ETF Futures are far more risky than Spot ETFs. Because the ETH futures ETF already exists, the chances of a Spot ETH ETF to be approved isn't zero. To you remember the week before official approval of the OG coin ETF? - one (qui…
label r/cryptocurrency
dataType post
communityName r/CryptoCurrency
datetime 2024-05-17
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Raw Record

{
  "text": "Many \"experts\" see a denial of the Ethereum ETF.\n\nTheir main argument: The SEC sees ETH not as commodity, but as security.\n\nBut this is not a reason to deny the ETH ETF. There are 2 crypto \"futures ETFs\" already: \n\n1) The main OG coin futures ETF \n\n2) Ethereum futures ETF\n\nFutures are far more risky than Spot ETFs. Because the ETH futures ETF already exists, the chances of a Spot ETH ETF to be approved isn't zero.\n\nTo you remember the week before official approval of the OG coin ETF?\n\n- one (quite unknown) source states that the OG coin ETF were to be denied\n\n- days later the SEC's twitter account got \"hacked\", tweeting the approval\n\n- hours later the real SEC tweeted they got hacked\n\nPrices went wild, crypto is volatile yes...but on every of these news - fake or not - prices went up or down until the official announcement of the approval came.\n\nOn 23th May 2024, the decision on the Ethereum ETF will be made. Expect fake news to spread. Also expect both outcomes, even if markets priced in the denial.",
  "label": "r/cryptocurrency",
  "dataType": "post",
  "communityName": "r/CryptoCurrency",
  "datetime": "2024-05-17",
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}

Entry Information