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[Frank Dumont]

Delays have hit VanEck and Ark's investments, an ETF for the future could be approved next week. There have been some delays with the filing of the Ethereum spot ETF. The SEC Commission has extended the deadline for Ark Invest and VanEck's decision on whether to approve a spot exchange-traded fund. The SEC sent two letters stating that it had been granted a further extension of 45 days from the initial date of 11 November. It is now December 26, 2023, the new deadline.
Cathie Wood's firm Ark Invest submitted a proposal for its Ethereum ETF product on September 6, with the 45-day review period of the securities regulatory. VanEck, an investment company that originally started the application for a spot ether ETF in 2021, renewed its efforts to launch one of these products on this date. The Commission is of the view that it would be necessary to review these proposals further.
While the timeline for approving an Ethereum spot ETP remains unclear, market confidence in approvals of ETH products based on futures is rising alongside a new Bitcoin product. Their structure and underlying pricing mechanism are the reason for differences in spot and futures exchange-traded funds. A position product provides investors with exposure to the asset, by having a direct ownership of that asset. In contrast, an ETF that uses futures contracts to predict the asset price is called a Futures ETF.
Among other companies, such as Bitwise, Grayscale, Valkyrie, and VanEck, there are 14 proposals before the SEC to establish an Ethereum futures ETF.

 

[BaleegNajar]

Delays in VanEck and Ark's investments are creating uncertainty in the market regarding the approval of an Ethereum spot ETF. The SEC extended the deadline to December 26, 2023. This has affected Ark Invest's September 6 proposal for an Ethereum ETF and VanEck's renewed efforts. While approval for an Ethereum spot ETP remains unclear, confidence is growing in ETH products based on futures. Notably, 14 proposals from companies like Bitwise, Grayscale, Valkyrie, and VanEck are seeking approval for Ethereum futures ETFs before the SEC.

 

[Ptrikha90]

December is going to be quite late. However, I think once the ETF would be out, it could alter the landscape a lot.
I also wonder whether such Instruments would get out in other countries as well.

 

[Riberet19]

I hadn't heard about the Ethereum ETF, almost all the news I'd heard was about the Bitcoin ETF, this can be pretty good for the price of Ethereum if it gets approved, I'll have to keep an eye out.

I expect both the Bitcoin ETF and the Ethereum ETF to be approved.

 

[IB DD]

There is stills a raging debate whether Ethereum should be classified as a security or a commodity. The SEC is looking into parameters to make a definitive classification of Ethereum. That is why there are still delays in the approval of Ethereum spot ETFs.