SEC is asking for amended 19b-4 filings for spot Ethereum ETFs

[TomPluz]

Firms looking to list and trade shares of spot ether exchange-traded funds are being asked by the U.S. Securities and Exchange Commission to update and refile documents that are pivotal if those products were to be approved, according to news reports.

Those filings, called Form 19b-4, are filed to let the SEC know about a proposed rule change and are among the documents that need the agency's greenlight before spot ether ETFs can become effective.

The outlook for a spot ether ETF has taken an optimistic turn. Bloomberg ETF analysts James Seyffart and Eric Balchunas now say that the chances of the SEC approving such a product have increased from 25% to 75%.

Get more details here!


I am sure that this is a very positive development for the eventual approval of Ethereum ETFs in the market. The past months seem to be a little bit gloomy to the idea of its approval, yet now we are seeing some rays of light and that is why analysts put the chance for the approval at 75%. Of course, there is no definite way of determining if and when the approval can be...we don't know if SEC will decide on it come 2025 as the presidential election is nearing. The most important thing for now is that there is that big hope that ETFs will really be materializing for Ethereum soon, just like the big success of Bitcoin ETFs in the market.

[hugeblack]

I see some recovery in Ethereum after this news, but it is nothing more than those leaks that appear from time to time to pump the price, but I do not think that we will see an ETH ETF in 2024. This may happen in 2025, and it may take some time, but it will happen.

[SamReomo]

It's quite good to hear that spot Ethereum ETFs are getting much attention and I believe the day isn't far when SEC will approve those ETFs. It took SEC a lot of time to approve Bitcoin ETF and that's why we should wait for it to approve ETH ETFs.

[Captain Corporate]

If they started to show path on how they are going to accept it, then it is as good as approved at that point. Companies love this, they know that they will have to just fill out some forms and arrange everything as wanted and they will get the approval eventually. Its the silence that is usually quite bad, because in most cases a lot of people just see the silence and they do not hear from SEC which means that the likelihood is that we are going to end up with rejection, or even if not then many postponed answers. But when there is a request like this then it means that its as good as approved in their eyes.

[Baofeng]

I thought that Ethereum ETF's are already a sure because we have seen Bitcoin already been approved this year. So I was surprised that the SEC is asking more documents here. Nevertheless, I do agree, this is a positive development, at least SEC is giving feedback, unlike before in Bitcoin wherein the approval will be delayed or cancelled but then eventually they give it a go signal.

We've seen precedence already so most likely it's just a matter of time for the approval. And since we are in the bull run, this is going to be big not just for Ethereum but for the whole crypto market as this could have a trickle effect specially on notable altcoins. And with that, Ethereum holders should just continue to HODL with this positive development.