SEC approves key documents for spot Ethereum ETF, official listing may take weeks
2024-05-23 21:36:51
The U.S. Securities and Exchange Commission (SEC) has approved forms 19b-4 for multiple spot Ethereum ETFs, including those from BlackRock, Fidelity, and Grey Release. While the forms have been approved, ETF issuers need to wait until their S-1 registration statement goes into effect before they can begin trading. The SEC has only recently started talking to issuers about their S-1 forms, and it's unclear how long that process will take. "I think if they work really hard, it could be done in a couple of weeks, but historically examples abound where the process has taken more than 3 months," analyst James Seyffart said.
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