Chair

Asset management companies VanEck and 21Shares have amended their S-1 registrations with the United States Securities and Exchange Commission (SEC) to list and trade shares of a spot Ether &nbsp;exchange-traded fund, or ETF.
In July 8 filings, VanEck <a href="https://www.sec.gov/Archives/edgar/data/1860788/000093041324002024/c109048_s1a.htm" target="_blank" rel="noopener nofollow">amended</a> its Form S-1 registration statement as part of the firm’s efforts to get final approval from the SEC for its Ethereum (<a href="https://cointelegraph.com/ethereum-price">ETH</a>) ETF. 21Shares <a href="https://www.sec.gov/Archives/edgar/data/1992508/000121390024059773/ea0205580-06.htm" target="_blank" rel="noopener nofollow">filed</a> a similar amended form for its Core Ethereum ETF. Neither filing included a specific launch date on U.S. exchanges but said it would be “as soon as practicable after the effective date” of the registration.
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 <img src="https://s3.cointelegraph.com/uploads/2024-07/bd646b72-144f-4670-a451-4c1deb725170.png" alt="VanEck and 21Shares send amended Ether ETF filings to SEC">
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 Source: <a href="https://www.sec.gov/Archives/edgar/data/1992508/000121390024059773/ea0205580-06.htm" target="_blank" rel="noopener nofollow">U.S. Securities and Exchange Commission</a>
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The amended filings are part of the last stage of approvals required by the SEC before asset management firms can list shares of spot Ether ETFs. Bitwise <a href="https://cointelegraph.com/news/bitwise-sec-ethereum-etf-launch-july">filed its own amended registration</a> on July 3, and experts predict that other companies will follow in the next seven days.&nbsp;
<h2 id="wen-etf">Wen ETF?</h2>
On May 23, the SEC <a href="https://cointelegraph.com/news/sec-spot-ether-etf-approved">approved spot Ether ETF 19b-4 filings</a> from eight asset managers — including VanEck, 21Shares, and Bitwise — with experts suggesting that final approvals could come in July. SEC Chair Gary Gensler said in a June Senate Banking Committee hearing that the commission <a href="https://cointelegraph.com/news/sec-chair-spot-ether-etf-s1-approvals-summer">could approve the S-1s</a> “sometime over the course of this summer” but did not provide a specific date.
Related: <a href="https://cointelegraph.com/news/ether-etfs-sidekick-bitcoin-etfs-bloomberg-analyst">Ether ETFs will only be a ‘sidekick’ to Bitcoin ETFs — Bloomberg analyst</a>
VanEck <a href="https://cointelegraph.com/news/vaneck-form-8a-spot-ether-etf">filed its application</a> for a spot Ether ETF in January after the SEC approved the listing and trading of spot Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) ETF shares. The approval process may have been slowed amid reports the SEC was <a href="https://cointelegraph.com/news/why-sec-could-be-investigating-ethereum-security">investigating whether to treat ETH</a> as a security. Consensys’ legal team <a href="https://cointelegraph.com/news/sec-ethereum-investigation-court-consensys">reported in June</a> that the commission had dropped the matter.
Magazine: <a href="https://cointelegraph.com/magazine/bitcoin-price-ethereum-etf-thomas-fahrer/">Bitcoin $500K prediction, spot Ether ETF ‘staking issue’— Thomas Fahrer, X Hall of Flame</a>

VanEck and 21Shares send amended Ether ETF filings to SEC

Зміст

Cointelegraph

Інші статті, опубліковані 8 лип. 2024 р.

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