The U.S. Securities and Exchange Commission (SEC) is reportedly urging exchanges to expedite the update of 19b-4 filings for Ethereum Spot ETFs, according to three sources familiar with the matter cited by Coindesk. According to sources, this move indicates that the SEC may be aiming to approve these applications before a key deadline this Thursday.
However, this does not necessarily mean that Ethereum Spot ETFs will be authorized. Potential issuers also need to have their S-1 applications approved before the products can begin trading. It could take an indefinite period of time for the SEC to approve the S-1 filings because there is no set deadline for the process, a person familiar with the matter said.
*This is not investment advice.