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Will the U.S. SEC Bypass 'Security' Concerns to Approve Spot Ethereum ETF?

source-logo  coingape.com 21 May 2024 10:43, UTC

As soon as the U.S. SEC asked issuers of spot Ethereum ETF to submit their 19b-4 filings, the market was abuzz with the news that the likelihood of approval had increased considerably. So far, the uncertainty around Ethereum’s ‘security’ status has proved to be a major roadblock for the ETF approval. However, with the SEC reaching out to issuers for 19b-4 filings, the question arises whether the regulator is willing to bypass the previous concerns.