SEC Asks Firms to Update Ether Spot ETF Filings
CryptoNewsTerminal Staff20 May, 2024
SEC Asks Firms to Update Ether Spot ETF Filings
The Securities and Exchange Commission's Division of Trading and Markets has requested asset managers to amend and resubmit Form 19b-4 filings related to ether spot exchange-traded funds (ETFs), according to crypto news outlet The Block. This development follows recent speculation that the SEC may be considering approving an ether spot ETF. Bloomberg ETF specialist Eric Balchunas noted earlier this month that the odds of an ETH spot ETF being approved by the SEC had increased significantly. This speculation fueled optimism within the cryptocurrency community. The SEC's request for updated filings suggests that the agency is actively reviewing ether spot ETF applications. While it remains to be seen whether the SEC will ultimately approve any such ETFs, this development is a positive sign for the cryptocurrency industry. It indicates that the SEC is willing to consider new and innovative products that provide investors with access to digital assets.
