📢 SEC Approves Spot Ethereum ETF for All 8 Applicants! 📢
What’s next? Here are the top 3 things you need to know about the spot $ETH ETF:
1️⃣ Trading Doesn’t Start Immediately:
▪️ The SEC has approved the 19b-4 filing, but there's still the S-1 filing that needs to be completed. This process will take some time.
▪️ According to Bloomberg analyst James Seyfart, it could take a few weeks or more before trading begins.
2️⃣ Why Did Spot #Bitcoin ETF Start Trading Sooner?
▪️ The SEC had been working closely with Bitcoin ETF applicants, approving the S-1 filing before the 19b-4 filing.
▪️ This allowed the spot BTCETF to start trading the next day. For the spot ETH ETF, the SEC only began working with applicants a few weeks ago.
3️⃣ Spot ETH ETF is Riskier Than Spot BTC ETF:
▪️ Galaxy Digital predicts that the spot #Ethereum ETF will be listed on exchanges by July or August.
▪️ The decentralized applications (DApps) built on top of Ethereum may prolong the approval and listing process.
▪️ These DApps could also contribute to the extended S-1 filing period.
Stay tuned for more updates on the spot $ETH ETF!
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