The U.S. Securities and Exchange Commission (SEC) has not provided any updates about Ethereum ETF Approval This lack of communication has made both issuers and investors anxious.
Nate Geraci, President of ETF Store, is optimistic that the SEC might approve the Ethereum ETF as early as next week. He noted that the SEC treats spot Ethereum ETF S-1 filings with a high level of secrecy, similar to how they handle 19b-4 forms.
He also criticizes the SEC for repeating mistakes made with Bitcoin ETFs, quoting SEC Commissioner Hester Pierce’s call for more straightforward market processes to avoid current uncertainties…
SEC Silence on Ethereum ETF Approval
The SEC is keeping the details about the Ethereum ETF Approval filings very secret, much like they do with other critical documents. This week, they haven’t provided any updates or information about the status of these filings. As a result, many people are confused and worried because they don’t know what’s happening or when a decision might be made…
Geraci Offers Approval Timeline On SEC
Nate Geraci suggests that the SEC might treat the Ethereum ETF Approval filings with more secrecy than usual. He noted that the SEC is handling these filings with a high level of secrecy, similar to how they treat 19b-4 forms.
Despite the silence, Geraci believes the approval will come by next week. He said, “I still think approval is likely next week. There is no reason for delay.”
Geraci also thinks the SEC is making the same mistake as they did with the spot Bitcoin ETFs. He quoted SEC Commissioner Hester Pierce, who said, “If these products had come to market like other similar products, we would have avoided the circus atmosphere we’re in now.”
Strategists Commented on the SEC
Eric Balchunas, an ETF strategist at Bloomberg pointed out that the SEC has not taken any action on Ethereum ETFs and has not communicated since issuers submitted S-1 forms on Monday, and this has confused issuers, who are unsure why there’s a delay. Balchunas compared this situation to a rain delay in baseball, where everyone is prepared but uncertain when the game will resume. The market expects another filing before the SEC gives final approval.
