SEC Delays Decision on Franklin Templeton and Grayscale's Ethereum ETF Applications: Uncertainty Surrounds Future Approval

New York, New York, USA United States of America
Franklin Ethereum ETF decision expected by June 11
Regulators weighing in on Ethereum ETF proposals
SEC asking for public comments on BlackRock's proposed spot Ethereum ETF
SEC delays decision on Franklin Templeton and Grayscale's Ethereum ETF applications
SEC Delays Decision on Franklin Templeton and Grayscale's Ethereum ETF Applications: Uncertainty Surrounds Future Approval

In recent developments, the SEC has delayed making decisions on the next steps for two proposed spot Ethereum exchange-traded funds (ETFs) from Franklin Templeton and Grayscale. The agency pushed its timeline to decide on the Franklin Ethereum ETF after which the SEC could approve or disapprove or institute proceedings. Meanwhile, Standard Chartered predicts that Ether ETFs will not be approved in May due to rising macro risks causing a slowdown in spot bitcoin (BTC) ETF inflows. The bank reiterated its end-of-year bitcoin price target of $150,00 and its ether target of $8,000. The first wave of ETF buying is largely complete, with the next wave of buying expected to come from the inclusion of these ETFs in wider macro funds.

In April 23rd, the SEC delayed its decisions on BlackRock and Grayscale applications for spot ETH ETFs. The decision on Franklin Templeton's application is expected by June 11. Observers say the SEC is unengaged with spot ETH ETF applications, which many interpret to be a sign of looming rejection. However, BlackRock seeks to reflect generally the performance of the price of Ethereum with its proposed ETF, and Nasdaq filed an amendment to BlackRock's proposal on April 19 discussing the ETF's creation and redemption process. The SEC is asking for public comments on changes made to BlackRock's proposed spot Ethereum ETF proposal.

Overall, the future of Ethereum ETF approval remains uncertain as regulators continue to weigh in on these proposals.


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Confidence

85%

Doubts
  • Is the SEC unengaged with spot Ethereum ETF applications a sign of looming rejection?
  • Will the SEC approve or disapprove Franklin Templeton's application by June 11?

Sources

100%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

SEC asks for comments on BlackRock's amended spot Ethereum ETF proposal

The Block Co. Sarah Wynn Wednesday, 24 April 2024 06:12
  • Unique Points
    • SEC is asking for public comments on changes made to BlackRock’s proposed spot Ethereum ETF
    • BlackRock seeks to reflect generally the performance of the price of Ethereum with its proposed ETF
    • Nasdaq filed an amendment to BlackRock’s proposal on April 19, discussing the ETF’s creation and redemption process
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

99%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

SEC delays making a decision on spot Ethereum ETF proposals from Franklin Templeton, Grayscale

The Block Co. Sarah Wynn Wednesday, 24 April 2024 06:13
  • Unique Points
    • The SEC has delayed making decisions on the next steps for two proposed spot Ethereum ETFs from Franklin Templeton and Grayscale.
    • Franklin Templeton filed its S-1 registration statement for the Franklin Ethereum ETF in February.
    • Grayscale filed a Form 19b-4 alongside NYSE Arca in October to convert the Grayscale Ethereum trust to a spot ethereum ETF.
    • The SEC set its next deadline to decide whether to approve or disapprove of Grayscale’s Ethereum spot ETF to June 23, 2024.
    • Other Ethereum ETF applications from VanEck and BlackRock have also been delayed by the SEC.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The article contains some instances of appeals to authority and inflammatory rhetoric, but no formal or blatant logical fallacies were found. The author quotes various sources such as the SEC filings and Bloomberg ETF analyst Eric Balchunas to establish credibility and provide context. However, the author also expresses her own opinion that 'optimism for the SEC approving such a product has steadily fallen over the past few months' which could be considered inflammatory rhetoric.
    • ]The SEC has delayed decisions on applications for other Ethereum ETFs including VanEck’s spot Ethereum ETF and one from BlackRock.[/
    • For example, Bloomberg ETF analyst Eric Balchunas has lowered his estimate of the chances of a spot Ethereum ETF approval by May from about 70% to 25%.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

100%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

BlackRock, Grayscale have to wait for SEC’s spot ETH ETF decisions

Cointelegraph News Ltd. Derek Andersen Wednesday, 24 April 2024 06:14
  • Unique Points
    • The SEC will delay its decisions on the BlackRock and Grayscale applications for spot ETH ETFs.
    • The decision on the Franklin Templeton application is expected by June 11.
    • Observers say the SEC is unengaged with spot ETH ETF applications, which many interpret to be a sign of looming rejection.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Ether ETFs Are Unlikely to Be Approved in May: Standard Chartered

CoinDesk Will Canny Tuesday, 23 April 2024 15:32
  • Unique Points
    • Standard Chartered predicts Ethereum ETFs will not be approved in May
    • Bitcoin ETF inflows have stalled
    • First wave of ETF buying largely complete
    • Geopolitical tension and higher U.S. Treasury yields are reasons for slowed ETF buying
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (85%)
    The article contains an appeal to authority and inflammatory rhetoric. It also uses a dichotomous depiction of the situation.
    • . . . U.S. regulators probably won't approve ETFs that give investors access to Ethereum's ether (ETH) in May, according to investment bank Standard Chartered, which had previously expected the Securities and Exchange Commission to give its blessing then.
    • Digital assets have endured a perfect storm of negative headwinds in recent weeks, yet the worst is over and the market is well-positioned to recover, Standard Chartered said in a research report on Tuesday.
    • The first wave of ETF buying may be largely complete, which means a strong positive driver of the market has stalled for now.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication