Gensler Says 'Stay Tuned' on U.S. SEC's Decision on ETH ETF
Is the U.S. SEC Set to Approve an ETH ETF?
U.S. SEC Chair Gary Gensler remained non-committal about the decision on ether (ETH) ETFs, hinting at significant regulatory considerations influenced by recent court rulings on cryptocurrency products. The SEC's review process has intensified, with updated filings and engagements hinting at a potential pivot in their approach towards approving ETH ETFs. Gensler emphasized the importance of legal compliance and investor protection in the evolving landscape of cryptocurrency regulation.
What specific changes did the SEC request from exchanges regarding the 19b-4 forms for spot ether ETF applications?
The SEC requested that exchanges involved in listing and trading shares of spot Ether (ETH) exchange-traded funds (ETFs) accelerate their updates to 19b-4 filings1. This move implies a possible change in the regulatory environment for cryptocurrency ETFs, hinting that the SEC may soon start approving these applications1. The request for rapid updates to the 19b-4 filings is a critical step, but more needs to be done to ensure the final approval of the ETFs. These products must also have their S-1 applications approved before they can officially begin trading.
What is the deadline set by the SEC for making a decision on at least one of the spot ether ETF applications?
The deadline set by the U.S. Securities and Exchange Commission (SEC) for making a decision on at least one of the spot ether ETF applications is by the end of the day on Thursday, as stated in the original news article1.