SEC Considers ProShares Ethereum Spot ETF Application

In a June 10 filing, the U.S. SEC said NYSE Arca had proposed a rule change that would allow it to list and trade the ProShares Ethereum ETF. The SEC said it would seek public comment on the ETF application within 21 days of publication in the Federal Register and would approve, disapprove or extend the timeline for its decision within 45 days. On May 23, the SEC formally approved the 19b-4 filings submitted by eight asset management companies. Final approval requires the SEC to sign the spot S-1 registration statement before trading can officially begin. This process may take several months, but some experts expect it to be completed sometime in July. (Cointelegraph)