The post the SEC has added the ProShares one appeared on BitcoinEthereumNews.com.

Among the news from yesterday, the SEC added ProShares’ request to those that should be definitively approved for the issuance of spot Ethereum ETFs.  In May, it had approved eight more, but evidently, the one from ProShares had not yet arrived.  The fact is that, despite having already approved the requests, the process to reach the final approval of all the documentation is not yet complete, and it is assumed that it will not be before July, or at most the end of June, so in fact there is still time to submit new applications.  SEC news: The approval of ProShares’ Ethereum ETF The document published yesterday by the SEC reveals that NYSE Arca has proposed a rule change to list and trade shares of the ProShares Ethereum ETF. The fund will be simply called ProShares Ethereum ETF, and for now it does not yet have a ticker.  Now the SEC will allow time to submit public comments on this request until the end of the month, and then it will have 45 days to approve, disapprove, or extend the request.  It is however very likely that the final decision will come along with all the others, just as it happened both in May and January, when in a single day the SEC approved all the requests for the issuance of a spot Bitcoin ETF on the US exchanges. So now there are nine requests that should be approved in July, and since for this ProShares request there is time until the end of June to submit comments, it seems likely that the block approval cannot happen before July.  The approval process Specifically, what the SEC approved en bloc in May are the requests to be able to issue an Ethereum spot ETF on the US exchanges submitted by eight…

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Filed under: News - @ June 11, 2024 7:10 pm