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Gossip & Opinions / Re: Bitcoins - about to hit $5,000 per coin today!
« Last post by SouJerz on Today at 04:50:08 PM »https://coingape.com/spot-ethereum-etf-sec-pushes-exchanges-for-update-on-19b-4-filings/
Spot Ethereum ETF: SEC Pushes Exchanges for Update on 19b-4 Filings
SEC requests urgent updates to 19b-4 filings for Spot Ethereum ETFs, hinting at possible approval. Deadline for decisions is this Thursday.
The U.S. Securities and Exchange Commission (SEC) has requested that exchanges involved in listing and trading shares of spot Ether (ETH) exchange-traded funds (ETFs) accelerate their updates to 19b-4 filings.
This move implies a possible change in the regulatory environment for cryptocurrency ETFs, hinting that the SEC may soon start approving these applications.
SEC Accelerated 19b-4 Filing Updates
Exchanges seeking to list and trade spot Ethereum exchange-traded funds (ETFs) have quickly received instructions from the SEC to update their 19b-4 filings. The body is making this request early as it prepares to decide on these applications before an important deadline on Thursday (May 23).
However, updating the 19b-4 filings is a critical step, but more needs to be done to ensure the final approval of the ETFs. These products must also have their S-1 applications approved before they can officially begin trading.
Analysts expressed surprise ( some implying a political stance) with the sudden activity of the SEC in updating the filings, which is an indication that the commission may be more willing to approve these applications than considered earlier.
However, there is yet to be a clear path as to when the S-1 filing will be approved, and this leaves certain market participants cautiously hopeful of what might happen.
So do we thank Trump or Biden?