Fun

SEC calls for comments on Fidelity, Grayscale and Bitwise spot Ether ETF applications

News Feed - 2024-04-04 05:04:21

Turner Wright3 hours agoSEC calls for comments on Fidelity, Grayscale and Bitwise spot Ether ETF applicationsMany expect the commission to reach a final decision on spot Ether ETFs in May with approval or denial of a filing from VanEck.1252 Total views7 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksThe United States Securities and Exchange Commission (SEC) is soliciting comments from the public on proposed rule changes allowing the listing and trading of shares of three spot Ether (ETH) exchange-traded funds, or ETFs, on exchanges. 


In separate notices filed on April 2, the SEC said the public had 21 days to respond upon publication in the Federal Register to spot ETH ETF proposals from asset managers Bitwise, Fidelity and Grayscale. The proposed ETF filings from Bitwise and Grayscale for listing and trading on NYSE Arca and from Fidelity on the Cboe BZX Exchange came ahead of the commission’s final decision on the investment vehicle, which is expected in May.


“Nothing in the filings signal to me that anything has changed,” said Bloomberg ETF analyst James Seyffart in an April 2 X post. “Silence from the SEC isn’t a good thing here.”


He added on April 3:“Asking for public comments on a 19b-4 is standard procedure. Every single 19b-4 ETF filing goes through the same process (whether approved or denied). It’s not ‘bullish’ in any capacity for Ethereum ETFs.”


The SEC approved several spot Bitcoin (BTC) ETFs for the first time in January following scrutiny from investors and media outlets, with Chair Gary Gensler casting the deciding vote. However, many analysts have speculated the odds of the commission making a similar decision on Ether ETFs have steadily dropped in 2024.


Related:Ether ETF is less likely than Bitcoin ETF was — Recharge Capital Managing Partner


A spot Ether ETF application from VanEck, with a final deadline set for May 23, will likely be the first filing the SEC addresses. Several other asset managers have similar filings in the pipeline, including those from Hashdex and ARK 21Shares.


A reported investigation by the SEC into the Ethereum Foundation could challenge the commission’s decision to approve or deny a spot ETH ETF by classifying the digital asset as a security. Blockfirm firm Consensys submitted a comment letter to the SEC in March claiming that the regulator’s concerns about potential fraud and market manipulation for a spot ETH ETF were baseless.


Magazine:Ether ETFs face Senate opposition, Wright is not Satoshi, and Dencun goes live: Hodler’s Digest, March 10-16# Ethereum# Investments# SEC# ETF# Grayscale# RegulationAdd reactionRead moreSEC enforcement director claims crypto industry makes ‘creative attempts’ to avoid guidelinesPrice analysis 4/3: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, TONAI token prices soar: Is it all hype, or is there real potential?

News Feed

Play-to-Earn Fantasy Sports Game, Ultimate Champions, Announces July 25th Launch Date for Its CHAMP Token
Play-to-Earn Fantasy Sports Game, Ultimate Champions, Announces July 25th Launch Date for Its CHAMP Token press release PRESS RELEASE.Unagi is shifting the way sports fans interact
Iranian Association Calls for Stable Crypto Regulation as Government Plans Widespread Use of Crypto in Foreign Trade
Iranian Association Calls for Stable Crypto Regulation as Government Plans Widespread Use of Crypto in Foreign Trade Iran’s association of importers has stressed the need fo
Hong Kong Mulls Letting Retail Investors Trade Crypto, Removing ‘Professional Investor-Only Requirement’
Hong Kong Mulls Letting Retail Investors Trade Crypto, Removing "Professional Investor-Only Requirement" The director of licensing and head of the fintech unit of Hong Kong’s
Bank of Jamaica Governor: Cryptocurrency ‘Not Sufficiently Stable to Be a Good Means of Payment’
Bank of Jamaica Governor: Cryptocurrency "Not Sufficiently Stable to Be a Good Means of Payment" The governor of the Jamaican central bank has warned people using or who have plans
Tristan Greene3 hours agoAnthropic cracks open the black box to see how AI comes up with the stuff it saysThe researchers were able to trace outputs to neural network nodes and show influence patterns through statistical
Sandbox Games and NFTs: Microsoft and Enjin Issue Minecraft-Compatible Blockchain Collectibles
Sandbox Games and NFTs: Microsoft and Enjin Issue Minecraft-Compatible Blockchain Collectibles Players who enjoy the best-selling video game Minecraft will be ab
Fueling the Cannabis Industry: US Crypto Lending Service Files for Regulated Token Sale
Fueling the Cannabis Industry: US Crypto Lending Service Files for Regulated Token SaleChicago-based lending firm Ceres recently filed for a request to conduct a Reg. A sale in orde
Pocket Network Announces Closing of Its Strategic Private Sale to Accelerate Network Development & Global Expansion
Pocket Network Announces Closing of Its Strategic Private Sale to Accelerate Network Development & Global Expansion press release PRESS RELEASE. Pocket Networkexceeded $56,000,000 i
Spanish Treasury Introduces New Crypto Tax Model Featuring Balance Reports
Spanish Treasury Introduces New Crypto Tax Model Featuring Balance Reports The Spanish treasury has introduced a new series of requirements regarding the reporting and taxation of
Bitcoin price weakens after hot CPI print raises doubt on Fed rate cuts
Nancy Lubale6 hours agoBitcoin price weakens after hot CPI print raises doubt on Fed rate cutsBitcoin price fell to an intra-day low at $67,500 after the U.S. CPI print showed inflation making a resurgence.1138 Total vie
Felix Roemer10 hours agoCrypto scams are going to ramp up with the rise of AIRemember HarvestKeeper, the AI project that scammed users for $1 million? You can expect similar AI-based scams to soar over the next couple of
EverLend, First Lending Protocol on Everscale Network, Kicks off Operations With Successful LEND Token Launch
EverLend, First Lending Protocol on Everscale Network, Kicks off Operations With Successful LEND Token Launch sponsored EverLend.appis a secured lending protocol powered by Everscal