Bitcoin price remains below $68,000, and ETH continues to find buyers at $3,800. New developments are emerging. Leaked information from issuers suggests good news might come soon. So, what exactly do the latest updates on the ETH ETF front tell us?
Spot Ethereum ETF
Several sources are sharing what they know and their opinions on the current situation. The first source says that based on the SEC’s previous actions, it may approve one or more applications after market close. Bloomberg ETF analyst Eric Balchunas had made a similar prediction.
According to two sources, potential Ethereum ETF issuers were given less than 24 hours for the final 19b-4 forms. However, even if official approval for this form comes, it could take weeks for spot ETH ETFs to start trading. When Bitcoin ETFs were approved, S-1 registration statements had been prepared in advance, and exchanges were ready. But since the SEC only made a 180-degree turn a few days ago, the preparation and approval might not be as early as expected. If the 19b-4 forms are approved, the approval of S-1 forms within a few weeks may not be a significant issue for the market, as listing would be guaranteed.
