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
but consumers will have to wait to buy them Kelvin Munene Murithi / CoinGape : Breaking: US SEC Approves 8 Spot Ethereum ETF Oliver Dale / Blockonomi : The Wait Is Over: SEC Greenlights Spot Ethereum ETFs, Buckle Up Because Crypto is Winning Blockworks : SEC rule approvals set stage for spot ether ETF launches Helene Braun / CoinDesk : Ether ETFs Clear Major Hurdle, Though SEC Hasn't Cleared Them for Trading Yet Yueqi Yang / The Information : U.S. Approves Nasdaq, NYSE Requests to List Ether ETFs Joshua Ramos / Watcher Guru : SEC Approves All Spot Ethereum ETFs Andrew Throuvalas / CryptoPotato : SEC Approves Spot Ethereum ETFs for Public Trading X: James Seyffart / @jseyff : @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 know more within a week or so! @lex_node : 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 Adam Cochran / @adamscochran : 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 Jake Chervinsky / @jchervinsky : 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 🇺🇸 James Seyffart / @jseyff : 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] @tier10k : A spokesperson for the SEC said the agency won't be commenting beyond the approval order. [image] @iampaulgrewal : 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] Huma / @humacapital : 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 @pledditor : 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 Jay / @0xjaypeg : 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] Eric Balchunas / @ericbalchunas : 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/... @vaneck_us : enter the ether 🫴 [video] Brian Armstrong / @brian_armstrong : Well said What a week! @theflowhorse : Congrats to primarily majors traders, you can officially tell your in-laws you are a “commodities trader”, none of that silly crypto stuff. [image] @coinbase : 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. Nate Geraci / @nategeraci : Sticking w/ this call on spot eth ETF demand btw... Nate Geraci / @nategeraci : Prediction... Grayscale going for jugular on both spot btc & spot eth ETF fees w/ “mini” products. You heard it here first. @iamnomad : 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 Eugene Ng Ah Sio / @0xenas : 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. @news_of_alpha : 🇺🇸 SEC Approves Spot Ethereum ETFs As “Commodity-Based” Trusts In Landslide Crypto Victory @phoenixtrades_ : SEC APPROVES SPOT ETHEREUM ETF Adam Cochran / @adamscochran : Fuck yeah!!! ETH ETF!!! Gensler defeated!!!! MURICA!! [image] Forums: r/ethfinance : SEC Approves Ethereum Spot ETF 19B-4s r/ethtrader : SEC approves 8 Ethereum ETFs including BlackRock and Fidelity r/CryptoCurrency : SEC approves 8 Ethereum ETFs including BlackRock and Fidelity BeauHD / Slashdot : SEC Approves 8 Ethereum ETFs Including BlackRock and Fidelity