Ether ETF on the Horizon: Standard Chartered and SEC Updates
SEC Reviews Ether ETF Applications with Key Deadline Approaching
The Securities and Exchange Commission (SEC) is requesting exchanges to provide updates on their Form 19b-4 filings for ether (ETH) exchange-traded funds (ETFs) ahead of an important deadline. As the May deadline for decision-making approaches, the likelihood of approval appears to be declining.
Standard Chartered Predicts Possibility of Ether ETFs
According to Standard Chartered, ether ETFs are a potential possibility in the near future. The cryptocurrency has witnessed a surge in value, with ETH rising by 44% to $3,650 on the day of the announcement.
SEC Hesitates on Ether ETF Approval
The United States Securities and Exchange Commission is postponing its decision on whether to approve ether ETFs. With the May 23 deadline for reviewing some of these ETF applications looming, there is growing uncertainty within both the crypto and financial industries.
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