To approve, or not to approve?That is likely the question going through regulators’ heads at the Securities and Exchange Commission right now as they deal with a flurry of updated filings for a spot There’s a Over the past day, BlackRock, Fidelity, VanEck, Invesco/Galaxy, Ark/21Shares, Grayscale, and Franklin Templeton have all submitted amended 19b-4 forms with the regulator. A 19b-4 form is used to inform the SEC of a rule change in a filing. Nine fund managers in total are hoping to drop an Ethereum ETF in the United States. Crypto fund manager Grayscale is aiming to get approval for both a trust and mini trust—a fund that would have lower fees for shareholders. In short, the flurry of filings shows that the fund managers are doing what is needed to get the green light from the regulator. An Ethereum ETF would give investors exposure to Still a potentially long way from a launch. But these filings prove that all of the rumors and speculation and chatter have been accurate. Need to actually see SEC approval orders on all the 19b-4s AND THEN we need to see S-1 approvals. Could be weeks or more before ETFs launch— James Seyffart (@JSeyff) May 21, 2024Wall Street’s biggest regulator had been slow to give a response to the applicants and has pushed back decision deadlines. Analysts from the likes of Bloomberg and CoinShares But this week, things changed—allegedly due to political influence—and Edited by Andrew Hayward
