Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»SEC accepts ProShares spot Ethereum ETF entry and approves Ark exit from 21 Shares ETF
ETHEREUM NEWS

SEC accepts ProShares spot Ethereum ETF entry and approves Ark exit from 21 Shares ETF

By Crypto FlexsJune 11, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SEC accepts ProShares spot Ethereum ETF entry and approves Ark exit from 21 Shares ETF
Share
Facebook Twitter LinkedIn Pinterest Email

The U.S. Securities and Exchange Commission (SEC) has acknowledged proposed rule changes for the ProShares Ethereum ETF and approved closing Ark Invest’s 21 Shares application on June 10.

The agency’s notice to ProShares acknowledges but does not endorse the proposed rule change.

The SEC must act on the proposal within 45 days of publication and can delay it for up to 90 days. At this point, the agency must approve, disapprove, or initiate additional proceedings to determine the outcome of the application.

The schedule could extend ProShares’ launch date beyond that of its competitors. Bloomberg ETF analyst James Seyffart said of the timing:

“Instinct initially said this wouldn’t launch on day one with other ETFs, but who knows?”

NYSE Arca aims to list and trade shares of ProShares funds.

21 Stocks can continue without ARK.

The SEC found that 21Shares’ proposed fund may proceed with Ark Invest removed from its ownership and sub-advisory role in the fund.

The agency waived the normal 30-day delay and made the changes effective from the date of submission. The change was allowed to be made immediately because it would not have a significant impact on investor protection or competitive burdens.

Ark and 21Shares said they would withdraw from the fund on May 31. In a statement to Bloomberg ETF analyst Erich Balchunas, Ark said it “will not proceed” with its Ethereum ETF, but did not provide a clear reason for its withdrawal. It continues to be involved in the spot Bitcoin ETF ARKB.

A spot ETH ETF has not been launched yet.

The SEC approved 19b-4 rule changes for eight spot ETH ETFs on May 23 but has not yet approved the applicants’ S-1 registration statements.

Accordingly, the applicants have not launched any products for trading, and there is no clear launch date for the various spot Ethereum ETFs.

Balchunas believes the application could be released by the end of June, with the “overflow” date being July 4.

JP Morgan believes the funds will begin trading in November.

The post SEC Accepts ProShares Spot Ethereum ETF Entry, Approvals Ark Exit from 21 Shares ETF appeared first on CryptoSlate

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Enterprise Ethereum Alliance accelerates strategic vision with new leadership and board promises -Enterprise Ethereum Alliance

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025
Most Popular

Fortified Protection for Digital Assets

May 30, 2024

Trump can scrap the encryption council -the internal rich blame the ripples.

February 14, 2025

Yearn Finance (YFI) down 25% in 5 days; Are there more downsides to come?

November 26, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.