The US Securities and Exchange Commission (SEC) has requested public feedback on several proposed Ethereum exchange-traded funds (ETFs) through recently filed documents.
According to these documents, the SEC has requested comments on three specific ETFs - Fidelity Ethereum Fund, Grayscale Ethereum Trust and Bitwise Ethereum Trust.
The SEC has stated it is making this request for public comment on the proposed rule change, as amended by Amendment No. 1, from interested persons.
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The deadline for submitting comments on the three proposals is 21 days.
Optimism regarding potential SEC approval of a spot Ethereum ETF has waned.
Eric Balchunas, an ETF analyst at Bloomberg, has downgraded his estimate of the likelihood of a spot Ethereum ETF being approved before May from 70% to 30%.