SEC calls for comments on Fidelity, Grayscale and Bitwise spot Ether ETF applications
Many expect the commission to reach a final decision on spot Ether ETFs in May with approval or denial of a filing from VanEck.
The 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.”
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