๐SEC just gave a nod to 19b-4 forms for a spot ether ETF! A big "YAY" for DeFi and Web 3 fans! But hold your horses, it's just the first step. S-1 forms need a green light too.๐ฆ
๐ญNow, who are these brave souls looking to launch? BlackRock, Fidelity, Grayscale, VanEck, Franklin Templeton, Ark/21Shares, and Invesco/Galaxy. Quite a lineup, huh? ๐ช
๐A week ago, Bloomberg's ETF analyst would've called you crazy for thinking SEC would approve. But hey, who's laughing now? Still, it's not a done deal. S-1 forms are yet to be approved.๐คทโโ๏ธ
โณThere might be a gap before trading begins. Could be a week, could be months. But let's stay optimistic, shall we? ๐
๐ฎSo, what's your guess? How long till we see these ETFs trading? Drop your predictions below! ๐ฒ
#DeFi #Web3 #SEC #EtherETF #CryptoNews
P.S. SEC, if you're reading this, we're all ears for more updates! ๐ข