The U.S. Securities and Exchange Commission (SEC) has approved the proposed rule changes for the ProShares Ethereum ETF and approved Ark Invest's application to exit 21Shares on June 10. However, the SEC's notice on ProShares shows that although it acknowledged the proposed rule changes, it did not approve them. In response, the SEC must act within 45 days of the proposal's publication, and can choose to postpone it to 90 days. At that time, the agency must approve, disapprove or initiate additional procedures to determine the outcome of the application. This timeline may extend the launch date of ProShares beyond the launch dates of its competitors.
Bloomberg ETF analyst James Seyffart said: "Instinct initially said that this ETF would not be launched on the first day with other ETFs, no matter when, but who knows." NYSE Arca aims to list and trade shares of ProShares funds.
Although the SEC approved the 19b-4 rule changes for eight spot ETH ETFs on May 23, the agency has not yet approved the applicants' S-1 registration statements. Therefore, applicants have not yet launched products for trading, and various spot Ethereum ETFs do not have clear launch dates.
In addition, Eric's speech has a certain degree of credibility. He is an analyst for Bloomberg, a well-known financial media whose analysts usually have a high level of professionalism and industry insight. However, investment decisions should be based on a comprehensive consideration of multiple factors, rather than relying solely on a single source of information. Before making any investment decisions, it is recommended that you conduct sufficient research and analysis and consult a professional investment advisor. At the same time, you should also pay attention to market risks and fluctuations, and do not blindly follow the trend or chase ups and downs.
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