Ethereum

Rule

Coin

<ul class="news-points">
 <li>SEC reviews Ethereum ETF applications from stock exchanges.</li>
 <li>Potential benefits for investors and wider adoption.</li>
 <li>Final decision on approval remains uncertain.</li>
</ul>
The SEC is currently reviewing applications from stock exchanges seeking to list ETFs that directly hold Ethereum (Ether is Ethereum’s native cryptocurrency). If approved, these ETFs would trade on major exchanges like the NYSE and Nasdaq.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 SEC decision deadline this week on spot eth ETFs… &nbsp; SEC must approve both the 19b-4s (exchange rule changes) &amp; S-1s (registration statements) for ETFs to launch. &nbsp; Technically possible for SEC to approve 19b-4s &amp; then slow play S-1s (esp given reported lack of engagement here).— Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1792330334169903568?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 19, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
These applications, known as Rule 19b-4 filings, are the mechanism through which exchanges propose new products or rules to the <a href="https://coinedition.com/sec-on-the-clock-will-ethereum-etfs-finally-get-approved/" rel="noopener noreferrer nofollow">SEC</a>. In this instance, exchanges are requesting the go-ahead to list Ethereum ETFs on their platforms.
The approval process is not a simple one. There’s an additional hurdle: the S-1 filing. This is essentially a detailed prospectus outlining an ETF’s operations, finances, and management structure, required for any new se…
The post <a href="https://coinedition.com/greenlight-for-ethereum-etfs-sec-examines-exchange-proposals/" rel="noopener noreferrer nofollow">Greenlight for Ethereum ETFs? SEC Examines Exchange Proposals</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Greenlight for Ethereum ETFs? SEC Examines Exchange Proposals

Coin Edition

Other articles published on May 20, 2024

LUNC Price Prediction On Verge Of 26% Breakout, Time To Buy Terra Classic?

Nyan Heroes’ NYAN Token Launch is Coming

OKX Releases Update On Token Listing Process!

Whale Interest Shifts from Solana (SOL) to New Crypto Retik Finance (RETIK) Ahead of May 21 Excha...

Sui Network Surpasses 1 Million Daily Active Wallets

Ponke Price Pumps 29% As Solana Rival Sealana Blasts Past $2 Million In Presale

Join our free newsletter for daily crypto updates!