According to a report from The Block citing sources familiar with the matter, the U.S. Securities and Exchange Commission (SEC) has begun discussions with potential issuers of Ether spot ETFs regarding the S-1 registration statement. When asked about the conversations related to the S-1 form, a senior executive from one issuer stated that recent regulatory developments have made the market increasingly optimistic about the approval of Ether spot ETFs, and the price of Ether has rebounded by about 20% in the past three days. The sources added that they do not believe the progress of Ether ETFs will be halted, but caution is still maintained. In order to approve an Ether ETF, the SEC must first approve the 19b-4 form (the approval of Bitcoin ETFs was completed in a comprehensive order), and then the S-1 registration statement must become effective before trading can commence. Typically, these forms are returned for revisions and resubmitted before each approval. Once the final versions are submitted, the SEC may choose to approve them. The 19b-4 forms have undergone multiple changes, with only Fidelity recently submitting a revised S-1 form. With discussions now underway regarding the S-1, more revisions may occur. The SEC has set the “final decision date” for VanEck’s Ether spot ETF application on May 23rd. Bloomberg’s senior ETF analyst Eric Balchunas speculated earlier on the X platform that the SEC may release news about Ether spot ETFs around 4 p.m. Eastern Time on Thursday. Related reports: “Market Expert: Canceling Pledge Plans for Ether Spot ETFs May Reduce Attractiveness of Such Funds” and “Ether Spot ETF Application by VanEck Listed on DTCC, Ticker Symbol ETHV.”
Successful Conclusion of CoinEx Taiwan’s 7th Anniversary Celebration, Embracing the Arrival of the Web3 Era Hand in Hand with Users
Since its establishment in 2017, CoinEx has been a professional cryptocurrency trading pla…