The US SEC approves applications from Nasdaq, Cboe, and the NYSE to list spot ether ETFs, potentially paving the way for them to begin trading later in 2024

The U.S. Securities and Exchange Commission on Thursday approved applications from Nasdaq, CBOE and NYSE to list exchange-traded funds …

Reuters 2024-05-24

Discussion

@jseyff James Seyffart on x
@PhoenixTrades_ @EricBalchunas TO BE CLEAR: This does not mean they will begin trading tomorrow. This is just 19b-4 approval. Also needs to be an approval on the S-1 documents which is going to take time. We're expecting it to take a couple weeks but could take longer. Should kno…
@lex_node @lex_node on x
alpha on why ETH isn't mooning: —>only 19b-4s approved, not S-1s —>approval was by division of trading/markets on ‘delegated authority’ —>means a commissioner can challenge in next 10 days (also means they are trying to hide the vote b/c it's political) what's really going
@adamscochran Adam Cochran on x
By the way, the most important things here isn't the ETF, it's: -Total change in stance by admin, that forces Gensler to concede. -ETH is a commodity, even with its current attributes. -That means we can extrapolate to *A LOT* of other projects what elements matter in security
@jseyff James Seyffart on x
BOOM!! APPROVED! There it is. The SEC just approved spot #Ethereum ETFs. What a turn of events. It's really happening. h/t @PhoenixTrades_ [image]
@news_of_alpha @news_of_alpha on x
🇺🇸 SEC Approves Spot Ethereum ETFs As “Commodity-Based” Trusts In Landslide Crypto Victory
@phoenixtrades_ @phoenixtrades_ on x
SEC APPROVES SPOT ETHEREUM ETF
@iamnomad @iamnomad on x
Still no s1s filed ans approved Approving an exchange rule is not Approving a product. Still more progress than ide thought we'd make today
@tier10k @tier10k on x
A spokesperson for the SEC said the agency won't be commenting beyond the approval order. [image]
@iampaulgrewal @iampaulgrewal on x
This week, this day, has been a rollercoaster unlike any other I've seen. ETH is effectively deemed a Commodity as we've always known it to be. I'm proud to be on team @Coinbase, the trusted partner and custodian for many of the issuers who had 19b-4's approved tonight. [image]
@vaneck_us @vaneck_us on x
enter the ether 🫴 [video]
@coinbase @coinbase on x
We applaud today's SEC decision to broaden investor access to ETH with familiar, regulated products. These ETFs benefit the entire crypto ecosystem by bringing in new market participants, increasing trading volume, and unlocking innovation.
@0xenas Eugene Ng Ah Sio on x
Monumental. Certainly not my base case but we make our own luck as go we along. Easy part of the trade is now done. Moving forward I still believe $ETH is on track to retest prev ATHs, but timelines will vary. Zoom out and chill.
@ericbalchunas Eric Balchunas on x
To all the Ether ppl out there, congrats on getting your ETFs. Welcome to the TradFi party. This one's for you lol: Sister Hazel https://www.youtube.com/...
@adamscochran Adam Cochran on x
Fuck yeah!!! ETH ETF!!! Gensler defeated!!!! MURICA!! [image]
@humacapital Huma on x
Forecasting Ethereum Spot ETF Flows The SEC has approved the US's first Ethereum spot ETFs. While the approval is undoubtedly bullish over a longer time horizon, the question begs exactly how much demand there is for these products. We can try to forecast the inflows into these
@brian_armstrong Brian Armstrong on x
Well said What a week!
@0xjaypeg Jay on x
I'm proud to be on team @Coinbase, the trusted partner and custodian for many of the issuers who had 19b-4's approved tonight. [image]
@jchervinsky Jake Chervinsky on x
The ETH ETF approval is short. The futures / spot correlation data is very strong. SEC says ~ “our hands are tied.” No direct mention of ETH's non-security status, but it's clear: “commodity-based trust shares.” Explicitly avoids staking. Fight for another day. Great week 🇺🇸
@nategeraci Nate Geraci on x
Prediction... Grayscale going for jugular on both spot btc & spot eth ETF fees w/ “mini” products. You heard it here first.
@theflowhorse @theflowhorse on x
Congrats to primarily majors traders, you can officially tell your in-laws you are a “commodities trader”, none of that silly crypto stuff. [image]
@pledditor @pledditor on x
History was made today. Congratulations to @VitalikButerin for issuing the first commodity ever by presale, for owning the first ever trademark over a commodity, and for working hard on delivering on the promises made in the first ever business roadmap any commodity has ever had
@nategeraci Nate Geraci on x
Sticking w/ this call on spot eth ETF demand btw...
r/ethfinance r on reddit
SEC Approves Ethereum Spot ETF 19B-4s
r/ethtrader r on reddit
SEC approves 8 Ethereum ETFs including BlackRock and Fidelity
r/CryptoCurrency r on reddit
SEC approves 8 Ethereum ETFs including BlackRock and Fidelity

Chronicles

The US SEC approves applications from Nasdaq, Cboe, and the NYSE to list spot ether ETFs, potentially paving the way for them to begin trading later in 2024

Related Coverage

Discussion