Ethereum
Ethereum ETF Approval Unlikely, Says Dogecoin Co-Founder Billy Markus
In a recent development regarding the SEC’s decision regarding ETF approval, Dogecoin co-author Billy Markus expressed his position, stating that the regulator’s current “compromised” state indicates little chance of potential approval for Ethereum ETFs. Financial lawyer Scott Johnsson surmised that Ethereum’s legal classification would influence the ETF’s next decisions. He also noted that the regulator’s reluctance to approve commodity trust shares for Ethereum, due to concerns about its securities-like nature, was an issue that Bitcoin ETFs did not face.