Spot Ether ETF Set to Hit Market This Week?
SEC's Decision Nearing
According to Standard Chartered, the SEC could approve Ethereum ETFs as early as May 23rd, marking the final deadline for the first wave of applications. Amid speculations and last-minute requests from the SEC, issuers are scrambling to finalize their applications by the approaching deadline.
Exchange Updates Required
The SEC has requested exchanges to update their 19b-4 filings for ether ETFs ahead of this pivotal deadline, hinting at a possible approval. The regulatory body had previously delayed making any decisions on ether exchange-traded funds on Monday, but the recent updates suggest a forthcoming decision.
Comments