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The approval implies that the US SEC requires the exchange to modify the listing application of the spot Ethereum ETF

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2024-05-21 13:47:05
SEC officials on Monday unexpectedly asked Nasdaq and the Chicago Board Options Exchange (CBOE) to quickly update and amend their spot Ethereum ETF listing application documents, a request typically made before approval, suggesting the agency may be ready to approve the two companies' applications, three people familiar with the matter said. The SEC has until the end of this week to decide whether to approve the VanEck and ARK Investments/21Shares ETF listing applications filed by the CBOE. Trading requires the SEC to approve its revised rules in order to list the product, while issuers still need the SEC to approve the ETF registration statement in order to begin trading. Unlike the documents filed by exchanges, the SEC does not have a firm time frame for the decision, meaning it could be several more months before the spot Ethereum ETF can begin trading.
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