Ethereum

United

Spot

James

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 Bloomberg ETF analyst James Seyffart expects more spot Ethereum ETFs to be filed in the coming days. 
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<div class="cointelegraph"> 
 The race for the United States’ first spot Ethereum exchange-traded fund has officially begun after new&nbsp;19b-4 filings by the Chicago Board Options Exchange (CBOE), which will "ultimately start the clock" for an SEC decision.&nbsp;&nbsp; 
 On Sept. 6, the CBOE filed two 19b-4 applications to the United States securities regulator, requesting for the ARK 21Shares Ethereum ETF and VanEck Ethereum ETF investment products to be listed on CBOE’s BZX Exchange. 
 In a series of tweets, Bloomberg ETF analyst James Seyffart noted that as opposed to the previously submitted S-1 filings, the 19b-4 filings mean that the countdown for a decision by the SEC is now in motion. 
 “The Spot #Ethereum ETF Race is <a rel="noopener noreferrer nofollow" title="officially" href="https://thebittimes.com/tag/officially.html">officially</a> on,” Seyffart declared, estimating a final deadline around May 23, 2024. 
 <blockquote class="twitter-tweet"> 
 The Spot #Ethereum ETF Race is officially on. It's early but i'd estimate a final deadline on these applications to be around ~May 23, 2024. Notably, we didn't see a VanEck spot Ethereum ETF S-1 from VanEck earlier because they filed for this thing all the way back in 2021!! pic.twitter.com/jLve8PpPrE— James Seyffart (@JSeyff) September 6, 2023 
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 A 19b-4 form is filed by self-regulatory organizations — such as a stock exchange — to request a rule change to the U.S. Securities and Exchange Commission, while an S-1 <a rel="noopener noreferrer nofollow" title="filing" href="https://thebittimes.com/tag/filing.html">filing</a> only indicates a firm’s intention to list a particular investment product on a national exchange. 
 The securities regulator is now obligated to review the 19b-4 <a rel="noopener noreferrer nofollow" title="filing" href="https://thebittimes.com/tag/filing.html">filing</a>s and make a decision, though the SEC can also delay the decision as it has for spot Bitcoin ETFs.&nbsp; 
 ARK Invest and 21Shares teamed up to file an S-1 to the SEC on Sept. 6, though VanEck’s S-1 <a rel="noopener noreferrer nofollow" title="filing" href="https://thebittimes.com/tag/filing.html">filing</a> dates back to July 2021. 
 <blockquote class="twitter-tweet"> 
 Late to the party? We filed our S-1 for&nbsp;a&nbsp;Spot Ether ETF back on 5/7/2021. https://t.co/hYE6TG90Q3— VanEck (@vaneck_us) September 6, 2023 
 </blockquote> 
 Meanwhile, Seyffart expects more spot Ethereum ETF <a rel="noopener noreferrer nofollow" title="filing" href="https://thebittimes.com/tag/filing.html">filing</a>s to come in the coming days. 
 <blockquote class="twitter-tweet"> 
 How long before we see a 19b-4 from @Grayscale to convert $ETHE into an ETF? https://t.co/078sm9FNlF pic.twitter.com/pzSEcMrtZB— James Seyffart (@JSeyff) September 6, 2023 
 </blockquote> 
 Related: Ether ETFs pending — Grayscale, VanEck and others file SEC applications 
 On Aug. 17, the securities regulator reportedly signaling its intention to approve Ethereum Futures investment products while several firms including Grayscale Investments and BlackRock are currently fighting to get a spot Bitcoin ETF approved. 
 Magazine: How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in 
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/vaneck-ark-filings-officially-start-clock-for-spot-ethereum-etfs-analyst-tbt61828.html">https://thebittimes.com/vaneck-ark-filings-officially-start-clock-for-spot-ethereum-etfs-analyst-tbt61828.html</a>

VanEck, ARK filings ‘officially’ start clock for spot Ethereum ETFs: Analyst

TheBitTimes

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