The U.S. Securities and Exchange Commission (SEC) has initiated a public comment period for several proposed spot Ethereum Exchange-Traded Funds (ETFs). The notice focuses on ETFs, including the Fidelity Ethereum Fund, Bitwise Ethereum Fund, and the Grayscale Ethereum Trust.
SEC Seeks Feedback on Ethereum ETF
The SEC has also indicated that it will seek comments on this rule change proposal and specifically referenced the Bitwise filing. The agency gives a three-week deadline for public comments. This move demonstrates that the SEC is interested in continued scrutiny of these new financial products.
The call for public comments comes at a time when the crypto community’s hopes for the approval of spot Ethereum ETFs start to fade away. Time is running out for the decision of the SEC on Fidelity, BlackRock, and seven other firms’ applications, and there has not been much progress.
The market did not take kindly the Ethereum Dencun update on 13th March, aimed at reducing transaction f
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