LIVEWhere can I find out if the ETF has passed, several fans enquired? Visit the official SEC website. I'll provide the exact link to the SEC information release page for your convenience. It is located in the comment section. It doesn't matter if it passed or not because you have no control over the outcome. If it passes, you can consult the Bitcoin trend. Initially, following passage, it will encourage the ascent of the market in the short term, and then users who hold ETH in Grayscale may sell their ETH, just like selling GBTC at the beginning.
The acceptance of the market will determine whether it falls or not. For instance, unlike Bitcoin, Ethereum's market value might not have a strong callback. It is better, in my opinion, if the ETF can withstand it and moves sideways in the near run before rising in the long run. Naturally, even if it is unable to withstand the callback in the near run, it will eventually push it higher. Thus, there's no need to overanalyze if it fails. In any case, expecting the outcome right now is not reasonable. These procedures are S-1, S-3, and 19b-4. What is meant by 19b-4? It resembles a licence for food. If you comply with the safety requirements, you can only continue producing. but being able to produce does not necessarily mean that you can sell it in the market.
Then, other institutions may apply for S-1, while Grayscale alone needs to apply for S-3. Is it therefore conceivable for Grayscale to fail S3 while S1 passes? In essence, it is not feasible. Does this suggest that ETFs will pass if 14b-9 is approved? S1–S3 might not be approved, but the likelihood of failure is already extremely low, comparable to Brother Bing's numerous content supplements. If the material is insufficient, the SEC will need supplements, so if it is denied, it can be changed and reapplied.
Therefore, will the Federal Reserve, per custom, postpone BlackRock's application deadline to August, authorise 19b-4 in August, and then proceed to approve S1 and S3 one at a time?
