He emphasized that if the SEC changes its position and classifies Ethereum as a security, this will have a significant impact and may lead to the delisting of Ethereum futures contracts and ETFs. Seyffart hinted that the possibility of Ethereum being classified as a commodity is high, and he also estimated that it could happen in 2024. In addition, Seyffart pointed out that SEC Chairman Gary Gensler recognized Bitcoin as a commodity but remained relatively silent on Ethereum, indirectly implying that it no longer regards it as a security. Seyffart suggested that the SEC may choose not to waste energy on a lengthy battle over Ethereum’s classification.
According to previous news, ProShares launched the short Ethereum futures ETF (Short ETH Strategy ETF) in October, with the code SETH. In addition, Cboe Digital plans to launch Bitcoin and Ethereum margin futures and clearing services starting on January 11, 2024. Cboe Digital said it will become the first regulated cryptocurrency-native company in the United States to merge an exchange and clearing house to enable spot and leveraged derivatives trading on a single platform.
