The SEC could approve a spot Ethereum ETF as early as this week, marking a significant shift in regulatory stance. Bloomberg analysts Eric Balchunas and James Seyffart increased the likelihood of approval to 75%, from 25% previously, based on recent information and the SEC's request for re-filing 19b- 4 revisions by 10 a.m. Tuesday (EST). This rapid growth has led to fierce competition among candidates, including major firms such as BlackRock, Grayscale and Fidelity.

BlackRock, the world's largest asset manager, has a strong history with the SEC, with only one ETF application being rejected in 2014. That ETF, the BlackRock Total Return ETF, was initially rejected due to concerns about concerns about transparency and alignment with net asset value (NAV). However, an updated version of this ETF, addressing the SEC's concerns, was rolled out in December 2023, just one month before the approval of Bitcoin ETFs. This history underscores BlackRock's ability to successfully overcome regulatory challenges.

Companies registered for ETF | Source: James Seyffart

The SEC's decision on Ethereum ETFs has been long-awaited, with deadlines for various applications approaching. Bloomberg Terminal data shared by James Seyffart lists ETFs awaiting approval, including ETFs from VanEck, ARK 21Shares, Hashdex, Grayscale, Invesco Galaxy, Fidelity, Franklin and Bitwise. These applications have faced repeated delays, but the recent push to resubmit revised applications suggests a potential breakthrough.

Grayscale and BlackRock have proactively updated their applications. Grayscale has filed an S-3 to convert its existing Ethereum Trust into a spot ETF and an S-1 for a mini Ethereum ETF. BlackRock's amendment to its 19b-4 filing on Nasdaq proposes cash-based creation and redemption, consistent with other Ethereum ETF applications and previously approved Bitcoin ETFs.

The SEC's cautious approach is influenced by concerns about market manipulation and the need for comprehensive market data on Ethereum. However, the approval of spot Bitcoin ETFs earlier this year, following Grayscale's court victory, and the launch of spot Ethereum ETFs in Hong Kong, have raised hopes for similar products for Ethereum. The SEC's recent interactions with ETF issuers were described as one-sided, with agency staff not providing specific comments, leading to speculation about potential denials.

Despite these challenges, the crypto community remains optimistic, with Ethereum up nearly 20% in the past 24 hours. The approval of a spot Ethereum ETF would provide a regulated and easy way for investors to gain exposure to Ethereum, which could increase market liquidity and stability. The involvement of prominent asset managers such as BlackRock and Fidelity adds credibility to these products, which could attract institutional investors and promote broader adoption of cryptocurrencies. death.

While not guaranteed, BlackRock's history of overcoming regulatory hurdles and having approved products suggests the likelihood of success this week is quite high. The approval of an Ethereum ETF will mark a new era for the integration of cryptocurrencies into the mainstream.

Source: https://tapchibitcoin.io/phe-duyet-etf-ethereum-delivery-ngay-co-the-dien-ra-vao-ngay-mai-duy-tri-chuoi-phe-duyet-10-nam- crab-blackrock.html