President of ETF Store: SEC May Approve Ethereum Spot ETF's 19b-4 Filing This Week, but S-1 Approval Will Be Slower
PANews reported on May 20 that ETF Store President Nate Geraci tweeted that the SEC will make a decision on the Ethereum spot ETF this week. The SEC must approve both 19b-4 (rule change) and S-1 (registration statement) for the ETF to be launched. Technically, the SEC could approve the 19b-4s and then slow down the approval of the S-1 (especially considering the lack of participation).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Exploring This Week’s Crypto Surge: New Insights on Polygon, NEAR, and Shiba Inu
Next Crypto to Hit $1 in 2024: The Key Innovations Fueling This Market Push
Polygon Leads Crypto Network Growth, New Addresses Surge Over 1,000%
US spot Bitcoin ETFs continue net inflow streak, reaching $365 million on sixth day
U.S. spot bitcoin ETFs saw net inflows worth $365.5 million on Thursday.The inflows were led by Ark Invest and 21Shares’ $113.8 million.