LIVE#BREAKING NEWS! SEC STARTS TALKS WITH COMPANIES APPLYING FOR ETHEREUM ETF!
The SEC has begun discussions with Ethereum ETF issuers regarding their S-1 registration statements, according to a senior official.
The US Securities and Exchange Commission (SEC) has begun discussions with prospective issuers of Ethereum exchange-traded funds (ETFs) regarding their S-1 registration statements.
SEC WORKS WITH ETHEREUM ETF ISSUERS ON S-1 FORMS
"Basically, it's just getting started," the official said, noting that the SEC's Division of Investment Management seemed somewhat surprised by the shift in focus on Ethereum ETFs.
Despite the initial nature of these discussions, the source expressed cautious optimism about progress on the Ethereum ETF, emphasizing that they do not expect the process to be halted.
In order for Ethereum ETFs to be approved, the SEC must first approve forms 19b-4 outlining proposed changes to exchange rules required for trading ETFs.
This was done in a unified order for Bitcoin ETFs. Following this, S-1 registration statements, which provide detailed information about the ETF, must become effective before trading can begin.
Issuers typically go through a cycle of submitting, amending and refiling these forms before the final versions are approved by the SEC.$ETH
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