Bloomberg ETF analyst Eric Balchunas tweeted that the U.S. SEC has formally approved spot ETFs for Ether. 424(b) forms are being filed, which is the final step, meaning everything is ready to go and trading is set to kick off at 9:30 a.m. EST on Tuesday (9:30 p.m. BST tonight). Approved Ether Spot ETFs include 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck, Invesco Galaxy, Gray Ether Trust and Gray Ether Mini Trust. Next issuers can decide to introduce pledges in their spot Ether ETFs, but this will require approval from the U.S. SEC. James Seyffart, Bloomberg ETF analyst, commented on this, “I think it's just a matter of when, not if it will happen. It's just a matter of figuring out when that is.”
- 0 replies
- 0 recasts
- 2 reactions