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According to breaking information, Ethereum Spot ETFs have been approved by the SEC.
The SEC has approved Ethereum Spot ETFs as “commodity-based trusts,” marking a victory for the cryptocurrency world.
The SEC approved 19b-4 forms for 8 ETFs, including BlackRock, Fidelity, and Grayscale.
However, although ETFs are approved, the S-1 forms that will allow them to be traded must also be approved. It's just a matter of time.
The SEC has just begun discussions with applicant companies about their S-1 forms. It is unclear how long this process will take, but some analysts estimate it could take weeks.
Bloomberg ETF analyst James Seyffart said the following on the subject:
“This does not mean that approved ETFs will start trading tomorrow. This is just a 19b-4 approval. S-1 documents also need to be approved, which will take time. We expect it to take a few weeks, but it may take longer. “We will know more in a week.”
*This is not investment advice.