Investing.com — Ether rose to highs of the day Monday as traders digested reports that the Securities and Exchange Commission could deliver its decision on whether to approve U.S. spot-ether ETFs as soon as next week, CNBC reported Monday.
rose 2% to 3,018.80
Following the SEC’s approval of spot ETH 19b-4 applications from several issuers including VanEck, ARK Investments/21Shares and BlackRoc, on May. 23, the regulator is now inching closer to a decision on the second step of regulatory process on whether to approve the issuers’ ethereum ETFs’ registration statements, or S-1 forms.
The S-1 form is a key regulatory filing that details information about the company and the spot-ether ETF product such as risks, opportunities, financials and other metrics that potential investors may find useful.
