05.21.24

SEC Asks Exchanges To Fine-Tune Ether ETF Filings in Positive Sign for Approval

by: Suzanne McGee and Hannah Lang

The U.S. Securities and Exchange Commission (SEC) on Monday asked Nasdaq, CBOE and the New York Stock Exchange to fine-tune their applications to list spot ether exchange-traded-funds (ETFs), signaling the agency may be poised to approve the filings, according to insiders. The SEC must decide whether to approve applications filed by CBOE to list ether ETFs provided by VanEck and ARK Investments/21Shares by the end of this week. The exchange applications seek SEC approval for a rule change required to list new products, but the issuers still need the agency to approve the ETF registration statements before they can start trading. Unlike the exchange filings, there is no set time frame in which the SEC has to decide, so it could still take several months for ether ETFs to being trading.

Read the full article on Reuters