Bittime - The crypto community is waiting for approval for the Ethereum Exchange-Traded Fund (ETF), but experts doubt the green light from regulators. Max Keiser, a Bitcoin proponent and adviser to the president of El Salvador, added to the uncertainty by calling Ethereum a “proof-of-stake scam.”
Criticism from Max Keiser and Other Industry Players
Keiser is well-known as a defender of Bitcoin and critical of other digital assets. He considers Ethereum not worthy of approval from the United States Securities and Exchange Commission (SEC). His views align with VanEck and CoinShares, who doubt the SEC's green light.
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VanEck CEO predicts ETF rejection, while CoinShares chief assesses bleak future for Ethereum ETF approval this year. Furthermore, Keiser supported the SEC in the Coinbase vs. SEC, which further strengthens its position. He called other crypto assets such as Ether and Ripple "unregistered securities".
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SEC Approval Uncertainty
Originally scheduled for May, hopes of an Ethereum ETF approval have now vanished. The SEC remains tight-lipped, making a final decision unclear. Most recently, JP Morgan speculated about a potential lawsuit from the SEC if an Ethereum ETF does not appear in May. This may make the SEC reconsider its decision.
Conclusion: A Bleak Future?
With skepticism from industry players like Max Keiser and regulatory uncertainty, Ethereum ETF approval remains in the dark. Keiser's support of the SEC regarding "unregistered securities" is also a factor to consider.
Cara Beli Ethereum (ETH) di Bittime
You can buy and sell Ethereum (ETH ) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Ethereum (ETH )is available on Bittime with the market pair Ethereum (ETH )To be able to buy Ethereum (ETH )on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Ethereum (ETH ) on Bittime .
Monitor price chart movements for Ethereum (ETH ) , Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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