Ether ETF Hopefuls Gear Up for SEC Approval as Soon as Mid-July [BNN Bloomberg (Canada)]
BlackRock, Inc. (BLK)
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Source: BNN Bloomberg
Despite earlier market speculation that approval would land during the July 4 holiday week, the Securities and Exchange Commission has told Ether exchange-traded fund applicants that they have until July 8 to submit updated paperwork, according to two people familiar with the matter. There may be an additional round of filings after the round due on Friday. The US regulator's recent feedback to issuers on last Friday consisted of minor questions that issuers are now addressing, said the people. In May, the SEC signed off on a proposal by exchanges to list the products. A separate approval is needed before they can be launched. Firms including BlackRock Inc., Fidelity Investments, 21Shares, and Invesco have filings waiting to be approved. Many issuers have not yet disclosed the fees on their respective funds, which is a necessary step before the funds start trading. Assuming the funds get a green light, one key question is whether the Ether portfolios will generate anything like
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