The United States Securities and Exchange Commission (SEC) has affirmed spot Ethereum ETF products for trading. This comes after the markets regulator published the 424(b) Forms for 21Shares Core Ethereum ETF.
The Ethereum ETF Forecasts Turned Out True
The SEC approved Ethereum ETF for trading in May. Since then, the Gary Gensler-led commission has been having a back and forth with prospective issuers to get all necessary approval for the trading of the product.
In light of this, many experts have projected that the trading will commence this week. According to the insight from Bloomberg Senior ETF Analyst Eric Balchunas, the product will start trading by 9:30 am ET.
It’s official: Spot Eth ETFs have been made effective by the SEC. The 424(b) forms are rolling in now, the last step = all systems go for tomorrow’s 930am launch. Game on. pic.twitter.com/9MaBDBA8co
— Eric Balchunas (@EricBalchunas) July 22, 2024
Cboe and NYSE Arca are the two exchanges the ETH ETF products are billed to start trading.
This is a breaking news, please check back for updates!!!
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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, Linkedin
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