Crypto Daily – As requested by the U.S. Securities and Exchange Commission (SEC), several asset managers filed updated S-1 registration statements for Spot ETFs, thus taking a step toward potential approval.
SEC’s Request for Amended S-1 Filings
Multiple applicants for Spot Ethereum ETFs updated their S-1 registration statements with the SEC. This move represents the final step before launching their ETF products. The SEC’s request for new filings aims to expedite the review process.
On Monday, asset managers, including VanEck, Grayscale, Fidelity, BlackRock (NYSE:), 21Shares, Franklin Templeton, and Bitwise, submitted their amended S-1 statements. This submission followed the SEC’s July 8 deadline, reflecting compliance and readiness among issuers.
Understanding Spot Ethereum ETFs
Spot Ethereum ETFs are investment funds holding Ethereum and trading on stock exchanges like traditional stocks or commodities. The SEC approved issuers’ Spot ETH ETF 19b-4…
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