The Securities and Exchange Commission is looking for public feedback on a few spot ether exchange-traded funds, as per the filings.
The three proposed ETFs—the Bitwise Ethereum Trust, the Grayscale Ethereum Trust, and the Fidelity Ethereum Fund—are the subject of interest for public comment request from the agency on Tuesday.
In the Bitwise file, the agency stated, “The Commission is publishing this notice to solicit comments on the proposed rule change, as modified by Amendment No. 1, from interested persons.”
Sec will take comments provided within 21 days, under consideration. Optimism has damped on the SEC’s potential approval for a spot ether ETF.
Since then, Bloomberg ETF expert Eric Balchunas has lowered his prediction from around 70% to 30% for the likelihood that a spot Ethereum ETF will be approved by May.
Another analyst for Bloomberg ETFs, James Seyffart, commented on Fidelity’s disclosure on Tuesday. He stated, “I’ve been tagged in this tweet and bunch of others regarding the 19b-4 documents filed for the #Ethereum ETFs today. Nothing in the filings signal to me that anything has changed Silence from the SEC isn’t a good thing here.”
Also Read: Grayscale Remains Optimistic About Spot Ether ETF Approval
