🔥🔥🔥 ETHEREUM SPOT ETF UPDATE: Coindesk has now confirmed the possibility that the Ethereum Spot ETF could be approved this Thursday.
According to three sources, exchanges that want to list and trade shares of Ethereum Spot ETFs are suddenly required by the SEC to update their records.
For an ETF to be approved and begin trading, the issuer needs the SEC to approve a 19b-4 application (regulatory approval for an Ethereum Spot ETF) and an S-1 application (approval of a company's product details). to start trading e.g. BlackRock's Ethereum ETF product).
In the case of the Bitcoin ETF, both were approved at roughly the same time and traded a few days later.
One theory being talked about is that the SEC doesn't want to upset the crypto community, but they also don't want an Ethereum Spot ETF on the market right now. One way they could do this is to approve the Ethereum ETF as a general product but delay approval of any specific products until they approve the companies' S-1s, which could take a while. time.
ThuanCapital
