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ETH SPOT ETF OFFICIALLY APPROVED
ETH SPOT ETF WILL NOT INCLUDE STAKING
The US Securities and Exchange Commission has just approved the launch of spot Ethereum ETFs for accelerated launch, according to Phoenix News.
Ethereum ETFs face a weeks-long process of finalizing S-1 registration statements, a form required by the SEC for ETFs to list securities, and establishing exchange agreements through multiple rounds of SEC communication.
The move is expected to bring a substantial influx of institutional capital into the Ethereum market, with Standard Chartered Head of Digital Assets Research Geoff Kendrick predicting inflows of $15 to $45 billion in the first 12 months.
To address SEC concerns, potential spot ETH ETF issuers, including Fidelity, Franklin Templeton, Ark, Invesco, Grayscale, Bitwise, and VanEck, have updated their filings to confirm they will not stake ETH for yield.
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