🚀 News from the SEC regarding Ether ETF📈
📜 The U.S. Securities and Exchange Commission (SEC) has asked companies to update and re-file their Form 19b-4 documents. These documents are necessary to launch ETFs on Ether.
🔄 The SEC has asked asset managers to amend and resubmit documents on an expedited basis, suggesting an increasing chance of approval of these products.
📊 Bloomberg analysts James Seyffart and Eric Balchunas estimate that the chances of an Ether ETF being approved have increased from 25% to 75%.
🔍 This is hope after the bitcoin ETF was approved this year, where after the approval of forms 19b-4, trading was launched.
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