The US Securities and Exchange Commission (SEC) has recently announced it will consider an Ethereum ETF application from asset manager ProShares. This comes about three weeks after the commission approved eight similar investment vehicles.
In a June 10 notice, the SEC stated that New York Stock Exchange (NYSE) Arca had filed a proposal to list and trade shares of the ProShares Ethereum ETF.
The commission is now requesting public comment on the ETF application for 21 days, after which it will have 45 days to make a decision on whether to approve, disapprove or extend the deadline for its decision.
On May 23, the SEC officially approved the 19b-4 filings of eight asset management firms that applied to list and trade spot Ether ETFs on US exchanges.
However, final approval will require the SEC to review and approve the ETFs' S-1 registration statements before they can begin trading.