Officials reportedly contacted the Nasdaq, the Chicago Board Options Exchange and the New York Stock Exchange to make updates and changes to existing spot Ether ETF applications.
The United States Securities and Exchange Commission (SEC) reportedly reached out to major U.S. exchanges to update their applications to list and trade spot Ether (ETH) exchange-traded funds from asset managers.
According to a May 21 Reuters report, SEC officials contacted the Nasdaq, the Chicago Board Options Exchange (CBOE) and the New York Stock Exchange (NYSE) to update and change existing spot Ether ETF applications before a regulatory deadline. On May 23, the commission must decide whether to approve or deny VanEck’s spot Ether ETF after delaying the process for 240 days.
Requesting U.S. exchanges to make such changes could be a sign of regulatory approval. On May 20, two ETF analysts raised their odds that the SEC would approve a spot ETF tied to Ether from 25% to 75% after “hearing chatter” that applicants should expect to accelerate their 19b-4 filings. The exchanges must file 19b-4s and S-1 registration statements with the SEC before any spot Ether ETFs can be listed.
