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Tuesday, June 11, 2024
HomeCryptoSEC reviews ETH ETF spot from ProShares

SEC reviews ETH ETF spot from ProShares

The SEC has added an ETH ETF spot application from asset manager ProShares about three weeks after approving eight investment vehicles.

The SEC has announced that the New York Stock Exchange (NYSE) Arca proposes to list and trade shares of the ProShares Ethereum ETF. The SEC will seek public comment on the application for 21 days after publication in the Federal Register, with a 45-day period to approve, deny, or extend the decision.

On May 23, the SEC approved 19b-4 filings from eight asset management firms to list and trade Ether ETFs. Final approval requires the SEC to sign S-1 registration statements for spot Ether ETFs, which are expected to be completed in July.

In October 2023, ProShares received SEC approval to list and trade shares of a spot investment fund tied to ETH futures contracts. ProShares also offers the Bitcoin Strategy ETF on NYSE Arca under the ticker BITO. It is unclear whether the SEC will approve ProShares’ spot Ether ETF; The submission of the application only requests that the committee consider this application.

Mark Tyson
Mark Tyson
Freelance News Writer. Always interested in the way in which technology can change people's lives, and that is why I also advise individuals and companies when it comes to adopting all the advances in Apple devices and services.
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