Ethereum ETF issuers given deadlines up to this morning for final 19b-4 forms but trading not expected for weeks: Sources | Headlines | News | CoinMarketCap

05/24/2024 00:12
Ethereum ETF issuers given deadlines up to this morning for final 19b-4 forms but trading not expected for weeks: Sources | Headlines | News | CoinMarketCap

Prospective Ethereum ETF issuers were given deadlines up until this morning for final 19b-4 forms, according to two sources. But even if they are …

Prospective Ethereum ETF issuers were given deadlines up until this morning for final 19b-4 forms, according to two sources. But even if they are approved, trading of these products likely won’t start for weeks. 

One issuer was told yesterday it had until 10 a.m. ET this morning for its 19b-4 form to be amended and handed in, according to a source, while another issuer had an earlier deadline, according to a different source.

The source at one issuer said they anticipate the SEC making its decision to approve one or many of the applications after market close today, based on the agency’s tendency to do so historically.

This matches estimates by Bloomberg ETF analyst Eric Balchunas, who reckons the SEC will make a decision around 4 p.m. ET. This is because it's the final deadline …

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