From Cointelegraph: 2024-06-04 00:39:55

Two Bernstein analysts, Gautam Chhugani and Mahika Sapra, think the US securities regulator approved spot Ether ETFs to prevent a legal fight.

The approval of spot Ether ETFs by the US securities regulator may have been a strategic move to avoid potential legal conflicts.

Analysts Gautam Chhugani and Mahika Sapra suggest that the United States securities regulator approved spot Ether ETFs to prevent a potential legal dispute.

In a strategic move, the US securities regulator may have approved spot Ether ETFs to sidestep any legal challenges that could arise.

Read more at Cointelegraph: SEC Ethereum ETF decision unlikely driven by politics: Bernstein