Placer din annonce her. The likelihood of approval for the upcoming Ethereum exchange-traded fund (ETF) applications in May is in doubt, as two US Senators have requested the Securities and Exchange Commission (SEC) to deny additional cryptocurrency ETF proposals. In a letter dated March 11 to SEC Chair Gary Gensler, Senators Jack Reed and Laphonza Butler recommended that the financial regulator increase its oversight of Bitcoin ETFs. Legislators are encouraging the SEC to pause approvals for other cryptocurrency ETFs. The legislators expressed worries about allowing more crypto ETFs besides Bitcoin due to possible dangers for ordinary investors. They claimed that other digital currencies such as Ethereum do not have enough trading activity and trustworthiness to back related ETPs. Moreover, they question whether the futures markets for these digital currencies will have a strong connection to the spot markets, which could make it difficult to effectively monitor the market and prevent fraudulent behavior. They further stated: The SEC should restrict how often these approvals can serve as precedent. Although the bitcoin market has shown some flaws, it is still more established and closely monitored compared to other cryptocurrency markets. Other cryptocurrencies are much more susceptible to fraud and manipulation than Bitcoin, despite its own vulnerabilities. Therefore, they suggested that it is important for the financial regulator to safeguard retail investors from exchange-traded products that are linked to thinly traded cryptocurrencies or cryptocurrencies that are particularly vulnerable to pump-and-dump schemes and other fraudulent activities.