Ethereum ETF Approval Unlikely, Says Dogecoin Co-Founder Billy Markus

Ethereum ETF Approval Unlikely, Says Dogecoin Co-Founder Billy Markus

In a recent development concerning the SEC's decision on ETF approval, Billy Markus, the co-author of Dogecoin, expressed his stance. He stated that the regulator's current 'compromised' state indicates little chance of potential approval for Ethereum ETFs.

Financial lawyer Scott Johnsson presumed that Ethereum's legal classification would influence the upcoming ETF decisions. He also noted that the regulator's reluctance to approve commodity trust shares for Ethereum, due to concerns over its securities-like nature, was a problem that Bitcoin ETFs did not face.