SEC Requests Revisions for Ethereum ETF Proposals by Nasdaq and Cboe
SEC's Request for 'Fine-Tuning' in Ethereum ETF Application
According to Reuters, sources familiar with the matter revealed that the SEC asked Nasdaq and Cboe to 'fine-tune' their ETF filings. This request is considered a crucial precursor to potential approval. The SEC's detailed scrutiny of these proposals highlights its commitment to ensuring regulatory standards for new financial instruments.
Nine Firms Await Decision
Nine firms, including Grayscale, Vaneck, and Fidelity, have applied for spot Ethereum ETFs and are awaiting the SEC's decision. Market speculation has intensified, with some analysts estimating approval chances as high as 90%.
Fidelity's Strategic Adjustment
Fidelity Investments has made significant adjustments to its Ethereum ETF proposal, removing the staking feature in response to regulatory uncertainties. This move reflects a strategic shift in anticipation of potential regulatory changes surrounding Ethereum and staking practices.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.