Ethereum

James

<ul class="news-points">
 <li>U.S. SEC asks ETH ETF issuers to revise and resubmit their Form 19b-4 filings.</li>
 <li>The request for updated documents indicates potential approval for ETH spot ETFs.</li>
 <li>The sentiment has been reflected in ETH’s value, soaring by 20% to $3,700.</li>
</ul>
The SEC has taken a step that could signal a shift in its stance on cryptocurrency exchange-traded funds (ETFs).
The agency’s Trading and Markets Division instructed asset managers on Monday to revise and resubmit their Form 19b-4 filings for Ethereum spot ETFs, according to a report from <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-jones-05-20-2024/card/crypto-prices-jump-on-ether-etf-approve-hopes-0bGFUEbtjiRzilJ2QPgh?mod=lctimeline_finance" target="_blank" rel="noopener noreferrer nofollow">The Wall Street Journal</a>. The report, citing anonymous sources, noted that the SEC emphasized the need for expedited revisions.
This development follows the recent approval of Bitcoin spot ETFs, where the SEC’s greenlighting of the 19b-4 forms preceded the effectiveness of issuers’ registration statements, allowing trading to commence.
Based on these developments, Bloomberg ETF analysts James Seyffart and Eric Balchunas have significantly <a href="https://coinedition.com/green-light-for-ethereum-etfs-analyst-says-odds-are-looking-up/" rel="noopener noreferrer nofollow">revised their outlook</a> on the likelihood of the SEC approving an Ethereum spot ETF. In particular, they have raised the probability from 25% to an encouraging 75%.&nbsp;
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 Update: <a href="https://twitter.com/JSeyff?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@JSeyff</a> and I are increasin…
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The post <a href="https://coinedition.com/sec-wants-ethereum-etf-fixes-sign-of-crypto-going-mainstream/" rel="noopener noreferrer nofollow">SEC Wants Ethereum ETF Fixes: Sign of Crypto Going Mainstream?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

SEC Wants Ethereum ETF Fixes: Sign of Crypto Going Mainstream?

Coin Edition

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