Ethereum

when

Spot

The anticipation is palpable among Ethereum ETF candidates eagerly awaiting approval from the U.S. Securities and Exchange Commission (SEC). The exact timeline for the launch of US spot Ethereum ETFs remains unclear, but the process appears to be in its final stages.
Last week, issuers filed changes to their ETH ETF registration statements in response to the SEC's proposed regulations. This follows the SEC's formal approval last month of 19b-4 proposals from exchanges where ETH funds will be listed.
The SEC works closely with issuers on registration statements, also known as S-1s. Completing this process, which culminates in the SEC allowing these filings to go into effect, is the final hurdle before these ETH ETFs begin trading. These ETFs are the first of their kind in the US.
The latest round of S-1 revisions was reported to be “mild,” leading to speculation that the SEC could contact issuers “at any point” with a launch date for the funds. A source close to the filings said issuers expect little additional comment from the SEC.
“The ball is in their court,” the source said, adding: “We don't really have any expectations because it's completely up to them now, but we're on edge. They can move as fast or slow as they want.”
Related News: <a href="https://en.bitcoinsistemi.com/breaking-us-government-allegedly-moved-4000-bitcoin-btc-to-coinbase/" target="_blank" rel="noopener noreferrer nofollow">BREAKING: US Government Allegedly Moved 4,000 Bitcoin (BTC) to Coinbase</a>
Although issuers have not yet received additional comments from the SEC after the final S-1 issuances, at least one more round can be expected. “The timeline for launch is unclear, but we reasonably expect it to be within the next two to three weeks,” said a second source familiar with the ETH ETF filings.
Bloomberg Intelligence analyst Eric Balchunas had suggested a scenario in which the regulator allows S-1s to take effect before the July 4 holiday. Pointing out that VanEck's 8-A for the spot Bitcoin ETF in January was approved seven days before the fund was launched, he said his prediction could come true.
However, a third source familiar with the applications said an approval before July 4 appeared unlikely at this time. While the cryptocurrency community waits with bated breath, the final decision rests with the SEC.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/insider-sources-talk-about-ethereum-spot-etfs-launch-date/" rel="noopener noreferrer nofollow">Insider Sources Talk About Ethereum Spot ETFs Launch Date</a>

Insider Sources Talk About Ethereum Spot ETFs Launch Date

Bitcoin Sistemi EN

在 2024年6月26日發表的其他文章

Decentraland (MANA) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Crypto News: Predictions Of BlockDAG’s $30 Surge By 2030 Amid Ethereum ETF & Aptos Price Volatility

Bitcoin Drops Below $60K, SEC Concludes Ethereum Probe and Furrever Token Launches New Bonus Program

Attack Shock in Cardano: Attacker Targeted ADA! Here are the Details of the Event…

Missing Cryptoqueen Ruja Ignatova Wanted in US With New $5 Million Reward

Incentive networks could save millions on AI compute costs

訂閱免費電子報，每天收取加密貨幣最新動態！