ETH ETF Approval Imminent? SEC Requests Accelerated Updates to Ether ETF Filings

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The U.S. Securities and Exchange Commission (SEC) has recently made an unexpected move towards the potential approval of spot Ether exchange-traded funds (ETFs).

According to reports, the SEC has asked exchanges interested in listing Ether ETFs to update their 19b-4 filings on an accelerated basis. This suggests that the regulatory body may be gearing up to approve these ETF applications ahead of a critical deadline on Thursday.


The U.S. SEC has asked exchanges to update their 19b-4 filings for Ether ETFs on an accelerated basis, suggesting potential progress towards approval.
Ether surged 17% to over $3,600 following the news, and the CoinDesk 20 rose nearly 8% amid positive regulatory developments.
The chances of an Ether ETF being approved by May 31 jumped from 10% to 55% on Polymarket, while the odds of approval by June 30 are currently at 68%.
Despite the progress, the SEC could still reject the S-1 registration statement of the Ether ETF, delaying its approval and trading commencement.
The SEC’s decision on Ether ETFs could significantly impact the cryptocurrency market, driving innovation and growth in crypto-based financial products.

The news has had a significant impact on the cryptocurrency market, with Ether surging 17% to over $3,600 and the CoinDesk 20, a measure of the performance of the market’s largest digital assets, rising nearly 8%.

The sudden surge in Ether’s price and the overall positive sentiment in the market can be attributed to the increased likelihood of Ether ETF approval.

Polymarket, a decentralized prediction market platform, has seen a substantial jump in the odds of an Ether ETF being approved by May 31, rising from 10% to 55% following the SEC’s request for updated filings.

Another Polymarket contract asking if the ETF will be approved by June 30 is currently trading at 68%, further indicating the growing optimism surrounding the potential approval.

However, it is important to note that despite the progress in the 19b-4 filings, the SEC could still reject the S-1 registration statement of the Ether ETF, which would delay its approval and trading commencement.

The regulatory body has been investigating whether Ether, the native asset of the Ethereum blockchain, is a security, particularly in light of Ethereum’s recent transition from a proof-of-work to a proof-of-stake consensus mechanism.

If approved, Ether ETFs could follow the trajectory of Bitcoin ETFs, which were approved in January 2024 and led to

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