US SEC is asking for amended 19b-4 filings for spot Ethereum ETFs: reports | Headlines | News | CoinMarketCap
05/21/2024 04:55
Firms looking to list and trade shares of spot ether exchange-traded funds are being asked by the U.S. Securities and Exchange Commission to update …
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Published on May 20, 2024 21:39 GMT+00:00edited on May 20, 2024 21:44 GMT+00:00
Firms looking to list and trade shares of spot ether exchange-traded funds are being asked by the U.S. Securities and Exchange Commission to update and refile documents that are pivotal if those products were to be approved, according to news reports.
Those filings, called Form 19b-4, are filed to let the SEC know about a proposed rule change and are among the documents that need the agency's greenlight before spot ether ETFs can become effective.
The SEC's Trading and Markets Division told asset managers on Monday to amend their filings and refile them with amendments, The Wall Street Journal reported, citing people familiar with the matter. CoinDesk also reported that exchanges were being asked to update their 19b-4 filings on an "accelerated basis."
The outlook for a spot …