SEC Calls for Comments on BlackRock’s Ethereum ETF Proposal

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The US Securities and Exchange Commission is currently inviting comments from the general public regarding BlackRock’s proposal to launch an Ethereum spot Exchange-Traded Fund (ETF), as indicated in a recent submission.

The regulatory agency invites those with an interest in the matter to submit their written opinions, facts, and rationale regarding the following issue, as well as whether the suggested rule adjustment aligns with the Act.

Interested individuals have the option to share their views with the SEC through their online comment form found on the SEC website, by email, or by submitting written comments in the mail.

The public will be allowed to leave comments during a 21-day period. 

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A few weeks ago, the SEC requested public feedback on proposed Ethereum ETFs from Fidelity, Grayscale, and Bitwise. At the time, ETF expert James Seyffart expressed that the absence of new information in these filings indicated no significant changes for Ethereum ETFs. He warned that the lack of communication from the SEC was not a positive sign for their approval chances.

Currently, it seems that the Securities and Exchange Commission (SEC) won’t give its approval to numerous Ethereum spot ETF proposals in May, even though they have approved some applications earlier this year. The SEC has remained silent on this issue and hasn’t interacted with ETF issuers.

According to U.Today’s report, the Securities and Exchange Commission (SEC) has delayed its ruling on Franklin Templeton’s proposed Ethereum ETF.

Despite expecting an Ether ETF launch to miss the May deadline, Standard Chartered, a leading British banking institution, remains optimistic about Ethereum’s potential price increase, projecting it could hit $8,000 by year-end.

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2024-04-23 23:22