The post SEC’s Unexpected Move Sparks Ethereum ETF Approval Speculation appeared first on Coinpedia Fintech News
The cryptocurrency space is abuzz with speculation, as the United States Securities and Exchange Commission has asked Nasdaq and CBOE to update their applications for listing spot Ethereum ETFs. This unexpected move might hint that the SEC is on the verge of approving these filings.
SEC Calls for Accelerated Updates
On Monday, the SEC asked exchanges to fine-tune their 19b-4 filings for spot Ethereum ETFs. This order surprised many and has fueled speculation that the regulator may approve the applications ahead of key deadlines. The first round of spot Ether ETF deadlines includes VanEck’s application on May 23 and Ark Invest/21Shares’ on May 24.
Eleanor Terrett reported, “Hearing issuers/exchanges have until 10:30 AM today to update the 19b-4 filings. Looks like staking was a no-go based on Fidelity’s update. Also hearing there has been *some* engag
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