Instant delivery of Ethereum ETF
The Securities and Exchange Commission recently began working with issuers of spot Ethereum ETFs, which are now widely expected to have a chance of approval in the near future - perhaps even today now.
The sudden last-minute participation contrasts with the more lengthy process that preceded the Bitcoin spot ETF approval in January, leading to speculation about possible political interference in the decision, with analysts noting sees little chance of approval until a clear 180 this week.Positive signs include issuers such as VanEck, Ark Invest , BlackRock , Fidelity and Grayscale updating their 19b-4 forms them with a relatively tepid response from the SEC. Now that Form 19b-4 is out, there are two main things to watch out for next. The important first step is whether the SEC approves the 19b-4 forms - individually or all at once. The SEC's final decision on the VanEck Ethereum ETF will be released today, determining whether whether it will be approved or denied, a decision is expected around 4 p.m. ET. The agency may or may not make a decision on other applications at the same time. If the SEC has not ready to approve the products or if there is no intention to approve them the ETF will be rejected and VanEck will have to reapply. However, although this will delay the process, signs of Engagement between the SEC and potential issuers still suggests approval is likely on the way — just not as quickly.If the 19b-4 forms are approved, they will appear on the SEC website . At that point, the ETFs will largely be approved, although S-1 registration statements still need to be valid and may take additional days or weeks to process. Only then can trading begin.