The post BREAKING: Great News – Ethereum Spot ETFs Approved by SEC appeared on BitcoinEthereumNews.com.

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. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/breaking-great-news-ethereum-spot-etfs-approved-by-sec/

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Filed under: News - @ May 24, 2024 5:18 pm