According to BlockBeats, Grayscale Chief Legal Officer Craig Salm expressed optimism about the approval of an Ethereum spot ETF in May, despite the lack of in-depth discussions between the SEC and issuers. Salm shared his thoughts on social media, stating that there is no need for the market to be pessimistic about the situation.
He explained that Grayscale and other issuers had engaged in positive and constructive conversations with the SEC months before the launch of the Bitcoin spot ETF. They reached a consensus on various details, including the creation and redemption process, cash and physical assets, authorized participants (AP), liquidity providers (LP), and custody. Salm believes that these issues do not need to be discussed again for the Ethereum spot ETF.
This optimism comes as the cryptocurrency market continues to grow and evolve, with investors and industry experts closely watching the developments surrounding ETF approvals. An Ethereum spot ETF would provide a new investment opportunity for those interested in gaining exposure to the popular cryptocurrency.
