BREAKING š„š„
ETH SPOT ETF OFFICIALLY APPROVED
ETH SPOT ETF WILL NOT INCLUDE STAKING
The US Securities andĀ ExchangeĀ 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 theĀ SECĀ 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 ofĀ DigitalĀ Assets Research Geoff Kendrick predicting inflows of $15 to $45 billion in the first 12 months.
To address SEC concerns, potential spotĀ ETHĀ ETF issuers, including Fidelity, Franklin Templeton, Ark, Invesco, Grayscale, Bitwise, andĀ VanEck, have updated their filings to confirm they will notĀ stakeĀ ETH for yield.
