The race for the first United States Ethereum exchange-traded fund (ETF) has officially begun after the Chicago Board Options Exchange (CBOE) filed two 19b-4 applications to the United States Securities and Exchange Commission (SEC). The applications are for the ARK 21Shares Ethereum ETF and VanEck Ethereum ETF investment products to be listed on CBOE’s BZX Exchange. Bloomberg ETF analyst James Seyffart noted that the 19b-4 filings mean that the countdown for a decision by the SEC is now in motion. He estimated a final deadline around May 23, 2024. A 19b-4 form is filed by self-regulatory organizations to request a rule change to the SEC, while an S-1 filing only indicates a firm’s intention to list a particular investment product on a national exchange. ARK Invest and 21Shares filed an S-1 to the SEC on Sept. 6, while VanEck’s S-1 filing dates back to July 2021. Seyffart expects more spot Ethereum ETF filings to come in the coming days. On Aug. 17, the SEC reportedly signaled its intention to approve Ethereum Futures investment products, while several firms including Grayscale Investments and BlackRock are currently fighting to get a spot Bitcoin ETF approved.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	10
People	BlackRock., SEC, James Seyffart, ARK Invest, VanEck
Companies	Grayscale Investments, SEC, BlackRock, VanEck, CBOE, ARK 21Shares
Currencies	Ethereum, Bitcoin
Securities	None