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The U.S. Securities and Exchange Commission (SEC) has recently accepted ProShares' spot Ethereum ETF entry and approved Ark's exit from the 21 Shares ETF. Analysts predict that spot Ethereum ETFs could capture up to 20% of Bitcoin ETF flows. Despite the SEC's approval of the Ethereum ETF two weeks ago, investors are still unable to purchase it. Sources indicate that issuers are awaiting the first round of comments from the SEC, which is expected to be completed by early August. ETF approvals typically come in two stages.
The SEC approved the #Ethereum ETF two weeks ago… but you still can’t buy it. What’s going on? As @DisruptionHedge explains, ETF approvals typically come in two stages… https://t.co/UNtVtV2DlJ
"Spot Ethereum ETF issuers still waiting on SEC for first round of comments: Sources" It has been 2-3 weeks. I'm extending my guess for approvals to roughly early August.
ICYMI: SEC accepts ProShares spot #Ethereum ETF entry, approves Ark exit from 21 Shares ETF Read the full article 👇 https://t.co/jLSbs6YbbW https://t.co/7Jyj5eub4T