Ethereum spot ETF approval is approaching, and the market is eagerly waiting for the SEC to make a decision this week
ETF Store President Nate Geraci recently revealed that the launch of Ethereum spot exchange-traded funds ETFs is approaching a critical moment. According to him, the U.S. Securities and Exchange Commission is expected to make a final decision this week, which will have a profound impact on the investment landscape of Ethereum.
Geraci's remarks have undoubtedly increased the market's tension and expectations, because the SEC's ruling will directly determine whether the Ethereum spot ETF can be successfully listed. He emphasized that the SEC's review focuses on the approval of 19b-4s (Exchange Regulatory Amendment) and S-1s (Registration Statement). These two registrations are necessary prerequisites for the launch of Ethereum spot ETFs. Only with the approval of the SEC can the exchange officially launch this new product.
19b-4s is an application submitted by the exchange to the SEC for the launch of new products or amendments to relevant regulations. For the Ethereum spot ETF, this means that the exchange needs to obtain the SEC's 19b-4 license before it can officially launch this product. S-1s is the initial registration form for the public issuance of securities, which contains detailed information on the company's finances, management and activities. For the Ethereum spot ETF, the S-1 will detail its management, structure, and Ethereum's performance plan.
Geraci is optimistic about the SEC's approval, but he also pointed out that the approval of the S-1 may face some delays. If the S-1 cannot be approved in time, then these ETFs will not be able to be marketed and promoted to investors. He is concerned that the approval process may be longer and more complicated due to the SEC's reduced interaction with the market. This uncertainty has put pressure on the market and has also raised investors' concerns about the prospects of Ethereum spot ETFs.
It is worth mentioning that although Geraci is cautiously optimistic about the SEC's approval, he also questioned the SEC's performance in the Bitcoin ETF approval process. He believes that the SEC may be too conservative and cautious in dealing with Bitcoin ETFs and has not learned lessons from past experiences. This concern also reflects his concerns and uncertainties about the prospects of Ethereum spot ETF approval.
However, regardless of the outcome, the launch of the Ethereum spot ETF will have a profound impact on the cryptocurrency market. If approved, it will provide investors with more investment options and opportunities, and will also further promote the status and development of Ethereum in the cryptocurrency field.At the same time, this will also inject more vitality and confidence into the entire cryptocurrency market, pushing it towards a more mature and stable direction.
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