NYSE Arca has approved the listing and trading of spot Ether ETFs from Grayscale and Bitwise, pending final authorization from the SEC.
Points
- NYSE Arca has approved listing and trading of spot Ether ETFs.
- Final authorization from the SEC is pending.
- Expected launch date is July 23.
- The SEC must approve the funds’ initial securities registration S-1 forms.
The NYSE Arca has confirmed its approval to list and trade spot Ether exchange-traded funds （ETFs） from asset managers Grayscale and Bitwise, marking a significant step towards the introduction of these financial products. While the funds still await final authorization from the Securities and Exchange Commission （SEC）, analysts anticipate a launch date of July 23.
Bloomberg ETF analyst James Seyffart noted that the expected launch means we should see several filings on the SEC’s website indicating that the ETFs’ prospectuses have gone effective. The SEC’s approval of the funds’ initial securities registration S-1 forms is the final step before trading can commence. This follows the agency’s approval of the issuers’ 19-b form proposing rule changes back in May 23.
The approval of these spot Ether ETFs represents a significant milestone for the cryptocurrency market, potentially paving the way for broader institutional adoption of Ethereum. Investors are closely watching the SEC’s final decision, which could set a precedent for future cryptocurrency-related financial products.
解説
- NYSE Arca’s approval for listing and trading spot Ether ETFs is a major development for the cryptocurrency market.
- Final authorization from the SEC is crucial for the launch, which is anticipated to happen soon.
- The introduction of spot Ether ETFs could lead to broader institutional adoption of Ethereum.
- This approval process and its outcome may set a precedent for future cryptocurrency-related financial products.