The SEC has asked spot Ethereum ETF applicants to update their 19-b4 filings, leading to greater optimism around potential approvals, according to sources.
Bloomberg ETF analyst Eric Balchunas said on May 20 that the SEC could reverse its expected stance and choose not to deny the pending applications. He cited ETF Store President Nate Geraci, who claimed the SEC could approve 19-b4 exchange listing rules while postponing its decision on S-1 registration statements.
James Seyffart added that he and Balchunas had heard from multiple sources and that several new filings should emerge in the coming days.
FOX Business reporter Eleanor Terret said her sources have also confirmed that the SEC has told issuers to update 19b-4 filings. She said earlier that the matter is “evolving in real-time.”
Bloomberg odds at 75%
Balchunas and Seyffart updated their odds for a spot Ethereum ETF approval to 75% from their most recent predictions of 25% to 30%
Balchunas also noted that the matter has bec
We współpracy z: https://cryptoslate.com/bloomberg-analysts-revise-eth-etf-approval-odds-to-75-amid-rumors-of-sec-flip/
