🔔 Wonderful news: 🔔
The US Securities and Exchange Commission (SEC) has requested corrections to spot Ethereum ETF filings from NASDAQ and CBOE, suggesting a possible approval of these applications. 📝
The SEC has asked Nasdaq and CBOE to amend their applications for spot Ethereum ETFs, indicating a leaning towards approval. ✅
The SEC is expected to decide on the applications filed by CBOE to list Ethereum ETFs from VanEck and $ARK Investments/21Shares by May 23-24. For ETH ETFs to commence trading, exchanges must approve both the S-1 applications of the issuing companies and the 19b-4 applications. 🗒️
Experts note that there is no specific deadline for the SEC to decide on S-1 applications, meaning it could take several months before Ethereum ETFs start trading. 📈
