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The US Securities and Exchange Commission (SEC) recently officially approved Ethereum Spot ETFs, allowing these funds to be listed on exchanges, create favorable conditions for Americans to access and trade Ethereum through Spot ETFs.
According to the latest documents, the NYSE Arca exchange has also confirmed the approval of the listing and trading of Grayscale and Bitwise Ethereum funds.
NYSE Arca informed the US Securities and Exchange Commission (SEC) through a document sent to the agency that:
“NYSE Arca has confirmed the approval of the listing and registration of the common units of the Grayscale Ethereum Trust (ETH) and the Bitwise Ethereum ETF under the provisions of the Exchange Act of 1934.”
Previously, another major exchange, CBOE, announced information about the listing of these funds, with the launch date of the Ethereum ETF Spot funds expected to be on July 23.
CBOE will also be the primary place for initial transactions for Ethereum ETFs. These ETFs include Fidelity Ethereum Fund, Franklin Ethereum ETF, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF and 21Shares Core Ethereum ETF.
As Coinstrategists reported, on May 24 the SEC accepted Ethereum ETF Spot applications from financial giants such as VanEck, Blackrock, and many others. Specifically, the SEC has approved Grayscale and Bitwise’s Ethereum ETFs on the NYSE; iShares (BlackRock) on Nasdaq; and VanEck, ARK/21 Shares, Invesco, Fidelity, Franklin Templeton on Cboe BZX.
However, at the time, the SEC had only approved Ethereum ETF proposals based on 19b-4 filings. ETF issuers need to have their S-1 filing approved by the SEC to begin official trading, which was done today.
