📢 SEC Approves Spot #Ethereum ETF for All 8 Applicants! 📢

What’s next? Here are the top 3 things you need to know about the spot #ETHETF

1️⃣ Trading Doesn’t Start Immediately:

The #SEC has approved the 19b-4 filing, but there's still the S-1 filing that needs to be completed. This process will take some time.

According to Bloomberg analyst James Seyfart, it could take a few weeks or more before trading begins.

2️⃣ Why Did Spot #BitcoinETFs Start Trading Sooner?

The SEC had been working closely with Bitcoin ETF applicants, approving the S-1 filing before the 19b-4 filing.

This allowed the spot $BTC ETF to start trading the next day. For the spot $ETH ETF, the SEC only began working with applicants a few weeks ago.

3️⃣ Spot $ETH ETF is Riskier Than Spot BTC ETH

Galaxy Digital predicts that the spot #Ethereum ETF will be listed on exchanges by July or August.

The decentralized applications (DApps) built on top of Ethereum may prolong the approval and listing process.

These DApps could also contribute to the extended S-1 filing period.

Stay tuned for more updates on the spot $ETH ETF! 🚀