SEC Approves Ether ETFs: Exploring the PitfallsThe day that all crypto enthusiasts have been eagerly awaiting has arrived! The Securities and Exchange Commission (SEC) approved 19b-4 applications from VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise, greenlighting rule changes allowing the listing and trading of spot Ether ETFs on respective exchange platforms. This groundbreaking decision comes amidst rumors swirling around whether the securities regulator should label Ether as a security.ETH-ETF-Approved-2-768x384.png
Though 19b-4 has been given the green light, ETF issuers still need the SEC to sign off on the corresponding S-1 registration statements for spot Ether ETFs to officially hit the trading floor. Experts suggest that this process may extend over days, weeks, or possibly even months.Crypto commentator Zach Rynes and many others also note that while the ETFs have been approved, they havenât yet received the go-ahead to launch. This requires an approved S-1 form, which is a comprehensive document encompassing detailed information about the firmâs financials, risk profile, and the securities they intend to offer.
