Is ETH ETFs 100% approved? and why not yet begin trading officially like BITCOIN ETFs? 🚨🔨⁉️
🚦No, ETH ETFs are not 100% approved. While the Securities and Exchange Commission (SEC) has approved the 19b-4 forms for eight spot Ethereum.
➡️ ETF applications, including those from prominent firms like BlackRock, Fidelity, and Grayscale, the S-1 registration statements still require approval before the ETFs can officially debut and begin trading.
➡️The SEC's approval of the 19b-4 forms marks a significant step forward, but it is only the first part of a two-step process.
➡️The second step involves the SEC reviewing and approving the individual ETF registration statements, which includes detailed information about the company and the securities they intend to offer.
➡️The approval process for the S-1 forms is ongoing, and it may take several months for the SEC to complete its review.
➡️This delay is due to the complexity of the filings, which contain hundreds of pages of disclosures, and the need for the SEC to ensure that the ETFs meet the necessary regulatory requirements.
➡️Additionally, even after the S-1 forms are approved, the ETFs will not immediately begin trading. The exchanges must still list the ETFs, which involves additional regulatory steps and may take some time.
➡️While the SEC has approved the 19b-4 forms for ETH ETFs, the process is not yet complete, and the ETFs will not begin trading until the S-1 registration statements are approved and the ETFs are listed on the exchanges.🔋✅