- SEC deadline for Ethereum ETFs looms this week.
- Approval could boost Ethereum adoption, trading.
- Delay raises concerns about crypto regulation.
The SEC faces a crucial deadline this week to decide on the approval of exchange-traded funds (ETFs) based on Ethereum, according to a social media post by Nate Geraci, president of The ETF Store.
Geraci, an industry expert on ETFs, highlighted the SEC’s two-pronged review process in his online post. The process requires approval of both the 19b-4 filings, which address exchange rule changes, and the S-1 registration statements. Both filings are essential for bringing Ethereum ETFs to market.
Geraci expressed concern that the SEC might delay approval of the S-1 filings even if the 19b-4 filings are greenlit. This speculation stems from the SEC’s recent lack of engagement on the issue, and the inherent complexities of cryptocurrency products. Such delays would allow listing of the ETFs, but they could not be traded until the S-1 filings receive approval.
The SEC’s decision on Ethereum ETFs is keenly awaited. Approval could facilitate broader mainstream adoption of Ethereum, offering a more regulated and secure in…
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