Ethereum
SEC Calls for Comments on BlackRock’s Ethereum ETF Proposal
Alex Dovbnya
SEC Requested Comments on BlackRock’s Spot ETF Proposal
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The U.S. Securities and Exchange Commission is now seeking public comment on BlackRock’s proposed Ethereum spot ETF, according to a recent filing.
“Interested persons are invited to submit written data, views and arguments regarding the foregoing, including whether the proposed rule change is consistent with the law,” the regulatory agency said in the release. deposit.
Those wishing to comment on the matter may provide electronic comments via the SEC’s Internet comment form or by email. The agency also accepts paper comments.
The public will be allowed to leave comments for a period of 21 days.
Earlier this month, the SEC also requested comments on Ether ETF spot applications from Fidelity, Grayscale and Bitwise. At the time, ETF analyst James Seyffart opined that “nothing” in the filing indicated anything had changed for Ethereum ETFs. He stressed that the regulator’s silence “was not a good thing” for the chances of approval.
For now, the consensus appears to be that the SEC will not approve a large number of one-time Ethereum ETF applications in May, despite approving a large number of applications earlier this year. The regulator has refrained from engaging with ETF issuers on this issue.
As reported by U.TodayThe SEC recently postponed its decision on the on-site Ethereum ETF proposal submitted by prominent investment firm Franklin Templeton.
At the same time, British banking giant Standard Chartered is confident that the Ethereum price could reach the $8,000 target by the end of the year, even as it predicts that the Ether ETF will not will not be launched in May.
About the Author
Alex Dovbnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience covering everything related to this booming industry, from price analysis to blockchain disruption. Alex has authored over 1,000 articles for U.Today, CryptoComes and other fintech media. He is particularly interested in regulatory trends across the world that are shaping the future of digital assets. He can be contacted at alex.dovbnya@u.today.