CBOE ‘certified approval’ of applications from companies Fidelity, VanEck, 21Shares, Franklin to list spot Ethereum ETFs while issuers await final signature from the SEC.
Issuers competing for the Ethereum ETF will have to wait for the SEC to allow registration statements to become effective as part of a two-stage process.
The agency approved forms 19b-4 in May as part of this first step.
Bloomberg Senior ETF Analyst Eric Balchunas had previously said he had already heard that firms would “request events” on Monday. Balchunas and other sources also said they expect the ETFs to begin trading on Tuesday.
Cboe Exchange, where most of the proposed Ethereum ETFs will be traded, announced last week that they would begin trading on Tuesday.
*This is not investment advice.
Read the full article here