SEC Approves 19b-4 Forms for Spot Ether ETF Launch
The SEC has approved 19b-4 forms filed by issuers seeking to launch a spot ether ETF, which is a positive step towards bringing the fund to market. However, this is just the first of two major steps required for the ETF to begin trading, as S-1 forms also need approval. Potential issuers include BlackRock, Fidelity, Grayscale, VanEck, Franklin Templeton, Ark/21Shares and Invesco/Galaxy. While the approval of the 19b-4 filings indicates a willingness from regulators to allow spot ether ETFs, it does not guarantee approval of the final S-1 forms.
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