5 potential spot ether (ETH) exchange-traded fund (ETF) issuers have filed amended 19b-4 filings after receiving last-minute suggestions from the Securities and Change Fee.
The amended filings got here from Constancy, VanEck, Invesco and Galaxy, Ark 21Shares and Franklin Templeton, a number of filings present.
All 5 bids got here in a 25-minute interval between 21:35 and 22:00 UTC on Might 21, based on Bloomberg ETF analyst James Seyfarth.
Seyfarth reiterated that accepted 19b-4 filings should be accompanied by signed S-1 registration statements in an effort to launch spot Ether ETFs.
“It is nonetheless a good distance from launch. However these paperwork show that every one the rumours, speculations and chatter had been correct,” he added.
The SEC has till Might 23 to rule on VanEck’s software. Nevertheless, business specialists say the regulator will resolve on all or many of the candidates in the identical manner it dealt with spot bitcoin (BTC) ETFs.
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BlackRock and Hashdex are two different Ether ETF candidates vying for SEC approval.
On Might 20, the SEC reportedly started asking filers to expedite 19b-4 filings.
The sudden change led to Seyfarth and fellow Bloomberg ETF analyst Eric Balchunas rising their odds of approval for the Ether ETF from 25% to 75%.
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