BlackRock’s Ethereum Spot Exchange Traded Fund (ETF) has been list by Depository Trust and Clearing Corporation under the symbol ETHA.
BlackRock’s Ethereum Spot Exchange Traded Fund (ETF) has been list by Depository Trust and Clearing Corporation under the symbol ETHA.
On Thursday, the U.S. Securities and Exchange Commission greenlit Forms 19b-4s for several Ethereum ETFs from issuers including BlackRock, Fidelity, VanEck and other firms.
As Guru-Investingreported, the SEC was widely expected to take down these funds just a week ago. However, the agency did a 180-degree turn at the last minute in a truly shocking move.
Now that the SEC has approved 19b-4 listing applications, it is engaging with potential issuers through S-1 registration statements.
For Ethereum ETFs to begin trading, each corresponding S-1 registration statement is also approved. Therefore, it is now clear when these ETFs will start trading.
“This does not mean that tomorrow they will begin to operate. This is just the 19b-4 approval. S-1 documents also need to be approved, which will take time. We expect it to take a couple of weeks, but it could take longer. We should know more in about a week! James Seyffart said on the social network X.
Sell the news?
After experiencing a massive rally, ETH price has now pared some gains and is currently trading at $3,629 on the Bitstamp exchange.
Prominent trader John Bollinger recently warned that Ethereum’s rally had overextended itself.
