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SEC Seeks Feedback on Ethereum Trust ETF Proposals

SEC Seeks Feedback on Ethereum Trust ETF Proposals
SEC Seeks Feedback on Ethereum Trust ETF Proposals

The Securities and Exchange Commission (SEC) has requested public feedback on three Ethereum-based trusts: Fidelity Ethereum Fund, Grayscale Ethereum Trust, and Bitwise Ethereum Trust.

The SEC has not provided any guidance on its stance, which Bloomberg notes is not encouraging.

The SEC has issued an official notice seeking comments on the proposed rule change, as amended by Amendment No. 1.

The SEC expects to receive feedback within 21 days. Bloomberg ETF analyst Eric Balchunas believes it's unlikely the SEC will approve a spot ether ETF before May.

Bloomberg ETF associate analyst James Seyffart notes that he was tagged in a tweet regarding the 19b-4 filings for Ethereum ETFs but saw no indication of any significant changes. He interprets the SEC's silence as potentially meaningful.

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