Ethereum ETFs Closer to Reality as ARK Filings Start Clock: Analyst

Ethereum ETF Race Begins with CBOE 19b-4 Filings

The race to become the United States’ first Ethereum exchange-traded fund (ETF) has kicked off after the Chicago Board Options Exchange (CBOE) filed two 19b-4 applications with the Securities and Exchange Commission (SEC). The filings for the ARK 21Shares Ethereum ETF and VanEck Ethereum ETF investment products to be listed on CBOE’s BZX Exchange will start the clock for an SEC decision.

Bloomberg ETF analyst James Seyffart tweeted that the 19b-4 filings have set the Ethereum ETF race in motion. “The Spot #Ethereum ETF Race is officially on,” he said, estimating that the final deadline is May 23, 2024.

The crypto market is now abuzz with investors and traders alike looking to capitalize on the latest crypto investment opportunity. With the crypto ETF race now underway, many are looking to the best stock and crypto app to stay up to date on the latest news and to make informed decisions when it comes to their crypto futures.

The SEC’s decision on the 19b-4 filings is expected to be a major milestone for the crypto market, and the C3.ai stock latest could be a sign of the direction the market is heading in July 2022.

Crypto ETFs and S-1 Filings

Self-regulatory organizations, such as stock exchanges, file a 19b-4 form to request a rule change to the U.S. Securities and Exchange Commission, while an S-1 filing is used to indicate a firm’s intention to list a particular investment product on a national exchange. The SEC reviews 19b-4 filings and makes a decision, though the decision can be delayed, as seen with spot Bitcoin ETFs.

ARK Invest and 21Shares recently filed an S-1 to the SEC on Sept. 6, while VanEck’s S-1 filing was submitted back in July 2021. Seyffart believes more spot Ethereum ETF filings are likely to be submitted in the near future.

On Aug. 17, the securities regulator reportedly signaled its intention to approve Ethereum Futures investment products while several firms including Grayscale Investments, BlackRock, and c3.ai stock are vying for a Bitcoin ETF approval. Crypto bloomberg and crypto market now are the latest news in the crypto investment space, with crypto etf and ark crypto being some of the most popular options. July 2022 is expected to be a big month for crypto, with the introduction of crypto futures and the best stock and crypto app.