Key Points:
Bloomberg ETF analyst Eric Balchunas revealed the move, emphasizing that such spot Ethereum ETF approval could offer investors a regulated and transparent investment avenue.
Anticipation swirls around an upcoming spot Ethereum ETF approval from the SEC, potentially around 16:00 ET today. Drawing parallels with previous decisions, such as the spot Bitcoin ETF approval at 15:45 ET, analysts speculate a similar timeframe.
Markus Thielen of 10X Research suggests that SEC Chair Gary Gensler might precede the decision with a cautionary tweet about investment risks, akin to his approach before the Bitcoin ETF approval.
Insider information suggests that discussions around S-1 registration statements with potential Ethereum ETF issuers have commenced within the SEC.
For Ethereum ETFs to materialize, the SEC must first approve the 19b-4 forms, as they did with Bitcoin ETFs in one omnibus order, followed by the effectiveness of the S-1 registration statements. Trading can only commence thereafter.
Typically, ahead of each approval, forms undergo amendments and resubmissions. While there’s been considerable activity surrounding the 19b-4 forms, only Fidelity recently filed an amended S-1 form. With discussions now revolving around the S-1s, further amendments may be on the horizon.
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