The Block Crypto News11 minutes ago

Published on May 24, 2024 16:14 GMT+00:00edited on May 24, 2024 16:19 GMT+00:00

Ethereum ETFs have now been approved and unlike the Bitcoin ETFs, which started trading the day after approval, these will likely go live in a few weeks or months.

The delay is because even though the U.S. Securities and Exchange Commission has approved the 19b-4 forms, the ETFs need to see their S-1 registration statements go effective before trading can begin. This is in the early stages and the timings will depend on how quickly the agency can provide feedback to issuers. But even though this feels anticlimactic after the last-minute turn of events, traders argue that it’s a good thing.

“Everyone was anticipating the ETF would not get approved,” said Split Capital co-founder Zaheer Ebtikar. “Then very quickly we went back into a market where everyone was caught offside.”

Ebtikar …