Ethereum

Bitcoin ETF

Spot

The U.S. Securities and Exchange Commission (SEC) is approaching a deadline to approve or reject applications for the first ETFs that will include Ethereum, the world's second-largest cryptocurrency. The end of May deadline is fast approaching and the organization is almost running out of time.
The SEC will make a final decision on May 23 on a filing by VanEck seeking changes that would allow it to launch an ETF holding Ether. VanEck is among several companies, including Invesco, BlackRock and Fidelity, vying to launch similar funds.
If the SEC were sympathetic to ETFs, it would likely aim to approve multiple applications at once to avoid appearing to favor one applicant over others. This approach mirrors the SEC's actions in January when it approved 10 Bitcoin ETFs. These funds have proven to be highly successful, raising a net $33 billion and driving Bitcoin prices to record levels.
Related News: <a href="https://en.bitcoinsistemi.com/new-development-on-binance-executive-detained-in-nigeria/" target="_blank" rel="noopener noreferrer nofollow">New Development on Binance Executive Detained in Nigeria</a>
However, the road may not be so smooth for Ethereum. While some ETF applicant companies have been in discussions with the SEC about their products, these discussions have been largely one-sided. The agency has yet to provide the critical feedback companies need to finalize their products, according to a source familiar with the matter. At this stage of the Bitcoin ETF process, issuers were already in active dialogue with institution staff.
However, if the SEC does not make a decision on this group of Ethereum ETFs soon, the launch of the first ones could be in 2025 or later.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/sec-insider-provides-information-on-the-fate-of-ethereum-spot-etfs/" rel="noopener noreferrer nofollow">SEC Insider Provides Information on the Fate of Ethereum Spot ETFs</a>

SEC Insider Provides Information on the Fate of Ethereum Spot ETFs

Bitcoin Sistemi EN

Inne artykuły opublikowane 9 kwi 2024

Fidelity to Charge for ETF Trades Without Sponsor Support

Analyst Unveils Colossal Bitcoin Price Target As BTC Stays Close to $70,000 Before the Halving

Lumoz Raises $6M for ZK-RaaS Platform Expansion

Base Network Surpasses Arbitrum in Monthly Active Addresses

Rival Crypto to Bonk (BONK) Could Be the Next Big Meme Coin on Solana, Analysts Say After 5300% Jump

Coinbase Wins Legal Case: A Positive Turn for Crypto Industry

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!