They appear to be dead-on-arrival under Joe Biden, but a key deadline in the approval process would be next year, when Donald Trump, if he retakes the presidency, would be in office.becoming the first firm
Although only bitcoin ETFs have been approved so far in the U.S. and funds – from VanEck and others – that seek to hold Ethereum's etherBut it hasn't cleared a prerequisite for the Biden administration's Securities and Exchange Commission: a well-established regulated derivatives market. Both bitcoin and ether have had that in the form of CME Group's cryptocurrency futures contracts.
But a Trump administration would almost certainly replace current SEC Chair Gary Gensler and shake up its priorities.
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