SEC Calls for Public Comments on Three Proposed Ethereum ETFs

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The SEC is seeking input from the general public regarding proposed rule changes that would permit the listing and trading of shares from three spot Ether exchange-traded funds, or ETFs, on exchanges.

These proposals, submitted by asset managers Bitwise, Fidelity, and Grayscale, were announced in separate notices on April 2 and have a 21-day window for public response after publication in the Federal Register.

The ETFs from Bitwise and Grayscale are seeking listing and trading on NYSE Arca, while Fidelity’s ETF would be on the Cboe BZX Exchange. The SEC is expected to make a final decision on these investment vehicles in May. According to Bloomberg ETF analyst James Seyffart in an April 2 X post, the proposed filings do not suggest any significant changes.

However, the lack of a response from the SEC is not seen as a positive sign. Seyffart added on April 3 that seeking public comments on a 19b-4 filing is a standard procedure for all ETF proposals, whether they are approved or denied.

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