{"id":308452,"date":"2024-05-24T03:11:04","date_gmt":"2024-05-23T21:41:04","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=308452"},"modified":"2024-05-24T03:11:04","modified_gmt":"2024-05-23T21:41:04","slug":"us-sec-approves-8-spot-ethereum-etf-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/us-sec-approves-8-spot-ethereum-etf-crypto-news\/","title":{"rendered":"US SEC Approves 8 Spot Ethereum ETF – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

The U.S. Securities and Exchange Commission (SEC) has approved 8 multiple spot Ethereum ETFs<\/a> through an omnibus order.\u00a0<\/span><\/p>\n

This approval follows the recent approval of spot Bitcoin ETFs, which is a positive development for investment products in the digital assets space in the U.S.<\/span><\/p>\n

<\/p>\n

Spot Ethereum ETFs Approval Process\u00a0<\/b><\/h2>\n

The SEC\u2019s approval of 19b-4 forms for some of the most significant ETFs, such as BlackRock<\/a>, Fidelity, and Grayscale, is a significant achievement in the crypto market. However, even though the 19b-4 forms of these issuers have been approved, trading in these ETFs cannot begin until the S-1 registration statements go effective.<\/span><\/p>\n

<\/p>\n

The SEC has only recently begun to engage in conversations with issuers about their S-1 forms, and the time frame for this process is still uncertain. Bloomberg ETF analyst James Seyffart noted that it could be done within a few weeks, but in some cases, it has taken more than three months.<\/span><\/p>\n

\"\"<\/p>\n

<\/p>\n

<\/p>\n

This approval was quite unexpected especially when the SEC had not been very active in its relations with the issuers. Earlier in the week, the SEC\u2019s sudden request for issuers to submit their 19b-4<\/a> forms was a complete change of tone, one which caught parts of the SEC itself off guard.<\/span><\/p>\n

This is a Developing Story, Check Back For MORE<\/strong><\/p>\n

<\/p>\n

<!– <\/p>\n

<\/div>\n

–><\/p>\n

\n
\n

\u2713 Share:<\/p>\n

<\/a><\/p>\n

\n
\n \"coingape\"
\n<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

Kelvin is a distinguished writer specializing in crypto and finance, backed by a Bachelor’s in Actuarial Science. Recognized for incisive analysis and insightful content, he has an adept command of English and excels at thorough research and timely delivery. <\/p>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"5<\/div>\n
5 Important Highlights from the Recent Fed Meeting <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"ChatGPT's<\/div>\n
ChatGPT\u2019s Next Big Upgrade: What You Need to Know <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"5<\/div>\n
5 Reasons behind Mega Bank\u2019s 2024 Ethereum Price Prediction <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The U.S. Securities and Exchange Commission (SEC) has approved 8 multiple spot Ethereum ETFs through an omnibus order.\u00a0 This approval follows the recent approval of spot Bitcoin ETFs, which is a positive development for investment products in the digital assets space in the U.S. Spot Ethereum ETFs Approval Process\u00a0 The SEC\u2019s approval of 19b-4 forms […]<\/p>\n","protected":false},"author":2,"featured_media":308455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-308452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/308452","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=308452"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/308452\/revisions"}],"predecessor-version":[{"id":308459,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/308452\/revisions\/308459"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/308455"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=308452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=308452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=308452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}