Can ETH pass the ETF? Tonight is another surprise night in the cryptocurrency circle!
1. When will the#ETHspot ETF be announced?
Generally speaking, it will be between 2 am and 4 am on May 24th, Beijing time, and it is possible that it will be slightly delayed to 6 am.
2. Where can I view the information released by the#ETHspot ETF?
On the SEC's official website: /sec.gov
Special information release page:
3. Will the#ETHspot ETF definitely pass?
Not necessarily, nothing is 100%. At present, the possibility of passing 19b-4 first will be very high. I personally think that the probability is more than 80%, or even higher, but the probability of passing it is only 50% if there is no final conclusion.
4. What is 19b-4 and what is S-1/S-3?
19b-4 can be regarded as an industry standard. When 19b-4 is passed, it means that the industry can operate, but it does not mean that the applied fund can be listed and traded. It must also meet the approval of S-1/S-3, which also requires SEC approval. S-1/S-3 is similar to enterprise qualification approval. Only after approval can it engage in the business. In addition to Grayscale, which needs to apply for S-3, other institutions need to apply for S-1.
5. Will 19b-4 and S-1/S-3 be approved at the same time?
It is possible. At present, the possibility of approving 19b-4 alone is the highest, but it does not mean that S-1/S-3 will not be approved at the same time or only. If only 19b-4 is approved, then#ETHspot ETF cannot be traded. S-1/S-3 must also be approved at the same time. At present, the longest approval time for S-3 is 260 days (if I remember correctly), and the shortest fund may need S-1 approval for up to 3 months. The shortest only takes one day.