Coindesk has confirmed the possibility of Ethereum Spot ETF approval this Thursday.
According to three sources, exchanges want to list and trade shares of Ethereum Spot ETFs, and the SEC has requested updates to their profiles. For an ETF to be approved and begin trading, the issuer needs SEC approval for Form 19b-4 (regarding Ethereum Spot ETF regulations) and Form S-1 (detailing the company’s product for trading, e.g., BlackRock’s Ethereum ETF). In the case of Bitcoin ETFs, both approvals typically happen simultaneously, with trading starting a few days later.
There’s speculation that the SEC wants to avoid upsetting the crypto community while also delaying specific product approvals until they review companies’ S-1 filings, which could take some time."
Feel free to ask if you need further clarification or have any other questions! 😊
