- The approval of Ethereum ETFs by the SEC is attributed to the correlation between CME Ethereum futures and specific ETH trading platforms.
- The launch of crypto products tied to ETH is anticipated to happen around June.
Recently, the US SEC granted permission for the listing of Ethereum ETFs. This decision follows optimistic forecasts by analysts and investors in recent days.
The SEC approved a proposal by exchanges such as Cboe Global Markets, NYSE, and Nasdaq to list ETH-related products. The official filing by the SEC cites the correlation between CME Ethereum futures and certain Ethereum trading platforms as the key factor for approval.
The SEC's notes emphasize the importance of monitoring and sharing agreements with CME and other entities to prevent fraud and manipulation.
The regulator's official notes confirm that the proposals align with Exchange Act regulations, rules, and standards.
The SEC underscores that the proposals are in accordance with the Exchange Act's requirement to prevent fraudulent activities and protect investors and public interest.
Launch Date of Ethereum ETFs
Bloomberg's James Seyffart reports the SEC's approval of Ethereum ETFs, clarifying that trading will not commence immediately. Further approvals on S-1 documents are necessary, which could take several weeks or longer.
Seyffart explains that while the process typically spans months, the acceleration is expected this time. He mentions that the final decision on S-1 forms might be communicated around mid-June.
Eric Balchunas predicts a streamlined process ahead, indicating potential completion by mid-June. Despite a usual timeline of at least 90 days for Bitcoin ETFs, the Ethereum ETFs' approval process may be expedited.
Galaxy Digital's report suggests that the Ethereum ETFs may debut on exchanges in July or August, adding to the anticipation surrounding these crypto products.
