SEC Requests Amendments from Spot Ether ETF Applicants, Signaling Approval Process

IconCryptoNewsTerminal Staff30 May, 2024

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SEC Requests Amendments from Spot Ether ETF Applicants, Signaling Approval Process

The Securities and Exchange Commission (SEC) has requested spot Ether (ETH) exchange-traded fund (ETF) applicants to submit updated registration statements, indicating a potential step toward the approval of such products. Several applicants, including VanEck and BlackRock, have already filed amendments to their S-1 registration statements. The SEC's request for amendments suggests that the agency is actively reviewing spot Ether ETF applications and may be nearing a decision. The amendments will allow the SEC to provide initial feedback and guidance, which the applicants can then address in subsequent amendments. This process is expected to continue for several rounds before the final S-1 filings are submitted. The SEC's engagement with applicants signals a positive development for the spot Ether ETF market and could result in the approval of such products in the near future.

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