According to The Block, citing sources, the U.S. Securities and Exchange Commission (SEC) Trading and Markets Division notified exchanges on Monday that they will approve 19b-4 this week, a change in their stance from two weeks ago. Sources said that the issuer responsible for S-1 contacted the SEC, but it appears that the review staff in the SEC’s Division of Corporation Finance is at odds with the agency’s Trading and Markets Division.
Diverse Internal Opinions at SEC Indicate Political Nature of Shifting Towards Ethereum ETF in Spot Market
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Diverse Internal Opinions at SEC Indicate Political Nature of Shifting Towards Ethereum ETF in Spot Market