Spot Ether ETF Approval Proves ETH is Not a Security, Experts Say
The recent approval of spot Ethereum exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC) potentially confirms Ether’s status as a non-security, according to industry experts.
Bloomberg ETF analyst James Seyffart, speaking on the Bankless podcast with Ryan Sean Adams, emphasized that the approval of these commodity-based trust shares implies that the SEC explicitly recognizes Ether as not being a security.
Seyffart further suggested that this recognition could extend to other tokens as well, solidifying their classification as commodities.
Digital asset lawyer Justin Browder echoed Seyffart’s sentiment, stating that if Ether ETFs receive S-1 approval, which is the final requirement for them to begin trading, it would settle the debate once and for all, affirming that ETH is indeed not a security.
This is a key point. The reason the approval of the spot ETH ETFs is a clear indication that the SEC does not consider ETH a security is because funds whose assets are 40% or more securities may not register through a Form S-1; rather, they are considered investment companies and… https://t.co/Q2MkMsrqNg
— TuongVy Le
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