SEC Indicates to Exchanges a Likely Approval for Spot Ethereum ETFs, Listings Expected This Week: Sources🏀🏀

The U.S. Securities and Exchange Commission (SEC) is reportedly leaning towards approving exchanges for listing Ethereum spot ETFs (Exchange-Traded Funds).

According to sources familiar with the matter and a report by Barron’s, the regulatory body made comments that suggest the approval process is moving forward and could be finalized as early as this week.

According to a May 21 Reuters report, SEC officials contacted Nasdaq, the Chicago Board Options Exchange (CBOE), and the New York Stock Exchange (NYSE) to request updates and changes to existing spot Ether ETF applications ahead of a regulatory deadline.

The commission must decide by May 23 whether to approve or deny VanEck’s spot Ether ETF after having delayed the process for 240 days.

#Ethereum #ETF #Web3 #solana #SEC @Bitcoin Farmer 2018