US SEC Engages in Discussions on S-1 Filings with Ethereum Spot ETF Issuers

IconCryptoNewsTerminal Staff23 May, 2024

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US SEC Engages in Discussions on S-1 Filings with Ethereum Spot ETF Issuers

The US Securities and Exchange Commission (SEC) has initiated discussions with issuers of Ethereum (ETH) spot exchange-traded funds (ETFs) regarding their S-1 (registration statement) filings. This move signals the regulatory body's ongoing review of such products. During the review process, the SEC typically requires both 19b-4 (formal request for review) and S-1 filings. The SEC often engages in a process of requesting and reviewing amendments before approving either filing. Notably, the SEC is scheduled to provide an update on VanEck's proposed Ethereum ETF by March 24 at 3 p.m. ET. This update will provide insights into the SEC's stance on approving Ethereum spot ETFs. The SEC's engagement with ETH spot ETF issuers reflects the growing interest in digital asset investments. It also highlights the regulatory body's commitment to providing a framework for the development of such products.

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