Race for First Ethereum ETF Begins as CBOE Files Applications, SEC Decision Imminent
Summary:
The race for the first Ethereum exchange-traded fund (ETF) in the United States has begun with the filing of applications by the Chicago Board Options Exchange (CBOE). This marks a significant milestone in the journey towards SEC approval. The CBOE has submitted applications for the ARK 21Shares Ethereum ETF and VanEck Ethereum ETF. Bloomberg ETF analyst James Seyffart predicts a decision may be reached by May 23, 2024. More filings for spot Ethereum ETFs are anticipated in the coming days.
The Chicago Board Options Exchange (CBOE) has filed new applications, officially starting the race for the first Ethereum exchange-traded fund (ETF) in the United States. The filings, known as 19b-4 filings, will initiate the Securities and Exchange Commission's (SEC) decision-making process. The CBOE submitted the applications for the ARK 21Shares Ethereum ETF and VanEck Ethereum ETF investment products to be listed on its BZX Exchange. Bloomberg ETF analyst James Seyffart highlighted that unlike the previously submitted S-1 filings, the 19b-4 filings set a countdown for the SEC to reach a decision. Seyffart estimated that the final deadline for a decision could be approximately May 23, 2024. Seyffart also anticipated more spot Ethereum ETF filings in the near future.
Published At
9/7/2023 1:54:12 AM
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