The SEC approved the 19b-4 form of BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy and Franklin Templeton, but it didn’t comment beyond the official decision.
Unlike the spot Bitcoin ETFs, which were approved via voting by a five-member committee, including SEC chief Gary Gensler, spot Ether ETFs were approved by the Trading and Markets Division of the SEC.
The United States Securities and Exchange Commission approved spot Ether exchange-traded funds on May 23, but the approval process differed slightly from the approval of spot Bitcoin ETFs in January.The SEC approved the 19b-4 filings from BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy and Franklin Templeton but declined to comment beyond the official decision.
He said things are typically done in the same way for many approvals, and if the SEC required “an official vote for every decision or every document — it’d be insane. It would have been nice to see where the political lines were drawn.”that a commissioner could challenge the decision within the next 10 days, and the main reason for the delegated authority was to hide the votes, as they might be seen as political.
Another major difference between the approval processes of the two crypto ETFs is that all 11 BTC ETFs started trading the day after their approval, as they also got S-1 form clearance. Spot Ether ETFs might be weeks or months away from debuting on exchanges, as the ETF filers have yet to receive the S-1 SEC registration.Zeneca’s portfolio peaked at $20M — and he has ‘2021 vibes’ again: NFT Collector
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