Ethereum

Bitcoin ETF

<ul>
 <li>Eight asset managers had their spot Ether ETF 19b-4 filings accepted by the SEC on May 23.&nbsp;</li>
 <li>The S-1s might be approved over the course of this summer according to the SEC Chair.</li>
</ul>
In order to list and trade shares of a spot Ethereum (ETH) exchange-traded fund (ETF), asset management firms <a href="https://thenewscrypto.com/21shares-applies-for-spot-solana-etf-in-the-us-following-vanecks-lead/" target="_blank" rel="noopener noreferrer nofollow">VanEck</a> and 21Shares have updated their S-1 registrations with the US SEC.
The firm’s attempts to secure final clearance from the SEC for its Ethereum ETF included filings on July 8 in which VanEck modified its Form S-1 registration statement. In a similar move, 21Shares’ Core Ethereum ETF also submitted a revised form. “As soon as practicable after the effective date” of the registration was stated in both filings. But no precise date was given for the debut on U.S. exchanges.
<h3 class="wp-block-heading" id="h-all-eyes-on-sec">All Eyes on SEC</h3>
Moreover, in order for asset management companies to offer shares of spot Ether ETFs, the <a href="http://sec.gov" target="_blank" rel="noopener noreferrer nofollow">SEC</a> requires these revised filings as part of the final approval process. Also, Bitwise submitted its own revised registration on July 3. And industry watchers anticipate that more businesses will do the same within the next week.
Eight asset managers had their spot Ether ETF 19b-4 filings accepted by the SEC on May 23. Final approvals, according to experts, might occur in July. The S-1s might be approved “sometime over the course of this summer” according to SEC Chair Gary Gensler. The Chairman did not provide a specific date, at a Senate Banking Committee hearing in June.
Furthermore, in January, after the SEC’s approval of the listing and trading of spot Bitcoin ETF shares, VanEck applied for a spot Ether ETF. It has been reported that the SEC is now examining whether or not to classify <a href="http://ethereum.org" target="_blank" rel="noopener noreferrer nofollow">ETH</a> as a security. This can further delay the clearance process.&nbsp;
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VanEck and 21Shares Update S-1 Filings for Spot Ethereum ETF Approval

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