Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»SEC Opens Comment Period on Fidelity’s Proposed Ethereum ETF
ETHEREUM NEWS

SEC Opens Comment Period on Fidelity’s Proposed Ethereum ETF

By Crypto FlexsDecember 1, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SEC Opens Comment Period on Fidelity’s Proposed Ethereum ETF
Share
Facebook Twitter LinkedIn Pinterest Email

The U.S. Securities and Exchange Commission (SEC) began accepting comments on Fidelity’s proposed spot Ethereum ETF with a filing on November 30th.

The filing indicates that the brokerage firm is currently seeking comments on the proposed rule changes from Cboe BZX. If approved, the rule change will allow exchanges to list and trade shares of Fidelity’s Ethereum fund.

The SEC’s request for comment is similar to similar filings regarding other proposed spot cryptocurrency ETFs. Among other things, it asks for input on surveillance, governance and market manipulation. Specifically, the filing highlights the surveillance sharing agreement that Coinbase and Cboe BZX signed in June. This is an important component also found in other pending spot cryptocurrency ETF proposals.

The filing also acknowledges the lack of existing US regulation and US exchange-traded investments providing exposure to ETH, while European markets already offer regulated investments providing exposure to spot cryptocurrency assets.

Expected to be decided by March 2024

The filing sets out a timeline for the SEC to approve, disapprove, or initiate proceedings to determine whether to approve proposed rule changes. These comments will be considered in the final decision-making process. The SEC must issue a decision within 45 days after the current notice is published in the Federal Register. However, the SEC may extend the decision period by up to 90 days and, if necessary, by an additional 60 days.

The exact deadline may vary, but Bloomberg ETF analyst James Seyffart said: estimated The SEC’s next decision on Fidelity is due on January 21, 2024, with a final decision on March 8, 2024. He added that he would learn about the “deadline in the coming weeks.”

Fidelity first applied for a spot Ethereum ETF on November 17, a few days after rival BlackRock applied for an equivalent fund on November 15. Both companies have been filing for spot Bitcoin ETFs since mid-June this summer.

Several other asset managers, including Ark Invest, VanEck and Grayscale, are also shelving spot cryptocurrency ETF proposals.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025

Can Etherrium price return to $ 4,000? Analysts say that ETH should go beyond this support.

June 16, 2025
Add A Comment

Comments are closed.

Recent Posts

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 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

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025
Most Popular

The US Senator demands the impeachment of Trump and quotes Memecoin Dinner.

April 27, 2025

Antler Interactive Will Showcase Its Latest Creation Cloudborn at GDC – Blockchain News, Opinion, TV & Careers

March 14, 2024

HTX restores service ‘within 24 hours’ after $30 million hack

November 24, 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.