{"id":151229,"date":"2023-09-07T07:53:17","date_gmt":"2023-09-07T02:23:17","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=151229"},"modified":"2023-09-07T07:53:17","modified_gmt":"2023-09-07T02:23:17","slug":"vaneck-ark-filings-officially-start-clock-for-spot-ethereum-etfs-analyst-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/vaneck-ark-filings-officially-start-clock-for-spot-ethereum-etfs-analyst-crypto-news\/","title":{"rendered":"VanEck, ARK filings \u2018officially\u2019 start clock for spot Ethereum ETFs: Analyst – Crypto News"},"content":{"rendered":"
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The race for the United States\u2019 first spot Ethereum exchange-traded fund has officially begun after new\u00a019b-4 filings by the Chicago Board Options Exchange (CBOE), which will “ultimately start the clock” for an SEC decision.\u00a0\u00a0<\/p>\n

On Sept. 6, the CBOE filed two 19b-4 applications to the United States securities regulator, requesting for the ARK 21Shares<\/a> Ethereum ETF and VanEck<\/a> Ethereum ETF investment products to be listed on CBOE\u2019s BZX Exchange.<\/p>\n

In a series of tweets, Bloomberg ETF analyst James Seyffart noted that as opposed to the previously submitted S-1 filings<\/a>, the 19b-4 filings mean that the countdown for a decision by the SEC is now in motion.<\/p>\n

\u201cThe Spot #Ethereum ETF Race is officially on,\u201d Seyffart declared, estimating a final deadline around May 23, 2024.<\/p>\n

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The Spot #Ethereum<\/a> ETF Race is officially on. It’s early but i’d estimate a final deadline on these applications to be around ~May 23, 2024.<\/p>\n

Notably, we didn’t see a VanEck spot Ethereum ETF S-1 from VanEck earlier because they filed for this thing all the way back in 2021!! pic.twitter.com\/jLve8PpPrE<\/a><\/p>\n

\u2014 James Seyffart (@JSeyff) September 6, 2023<\/a><\/p><\/blockquote>\n

A 19b-4 form is filed by self-regulatory organizations \u2014 such as a stock exchange \u2014 to request a rule change to the U.S. Securities and Exchange Commission, while an S-1 filing only indicates a firm\u2019s intention to list a particular investment product on a national exchange.<\/p>\n

The securities regulator is now obligated to review the 19b-4 filings and make a decision, though the SEC can also delay the decision as it has for spot Bitcoin ETFs.\u00a0<\/p>\n

ARK Invest and 21Shares teamed up to file<\/a> an S-1 to the SEC on Sept. 6, though VanEck\u2019s S-1 filing dates back to July 2021.<\/p>\n

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Late to the party? We filed our S-1 for\u00a0a\u00a0Spot Ether ETF back on 5\/7\/2021. https:\/\/t.co\/hYE6TG90Q3<\/a><\/p>\n

\u2014 VanEck (@vaneck_us) September 6, 2023<\/a><\/p><\/blockquote>\n

Meanwhile, Seyffart expects<\/a> more spot Ethereum ETF filings to come in the coming days.<\/p>\n

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How long before we see a 19b-4 from @Grayscale<\/a> to convert $ETHE<\/a> into an ETF? https:\/\/t.co\/078sm9FNlF<\/a> pic.twitter.com\/pzSEcMrtZB<\/a><\/p>\n

\u2014 James Seyffart (@JSeyff) September 6, 2023<\/a><\/p><\/blockquote>\n

Related: <\/em><\/strong>Ether ETFs pending \u2014 Grayscale, VanEck and others file SEC applications <\/em><\/strong> <\/em><\/strong><\/a><\/p>\n

On Aug. 17, the securities regulator reportedly signaling its intention to approve Ethereum Futures investment products<\/a> while several firms including Grayscale Investments and BlackRock are currently fighting to get a spot Bitcoin ETF<\/a> approved.<\/p>\n

Magazine:<\/em><\/strong> <\/em><\/strong>How to protect your crypto in a volatile market \u2014 Bitcoin OGs and experts weigh in<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The race for the United States\u2019 first spot Ethereum exchange-traded fund has officially begun after new\u00a019b-4 filings by the Chicago Board Options Exchange (CBOE), which will “ultimately start the clock” for an SEC decision.\u00a0\u00a0 On Sept. 6, the CBOE filed two 19b-4 applications to the United States securities regulator, requesting for the ARK 21Shares Ethereum […]<\/p>\n","protected":false},"author":2,"featured_media":151230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-151229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=151229"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151229\/revisions"}],"predecessor-version":[{"id":151232,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151229\/revisions\/151232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/151230"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=151229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=151229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=151229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}