{"id":13131,"date":"2023-09-07T04:39:45","date_gmt":"2023-09-07T04:39:45","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=13131"},"modified":"2023-09-07T04:39:46","modified_gmt":"2023-09-07T04:39:46","slug":"vaneck-ark-filings-officially-start-clock-for-spot-ethereum-etfs-analyst","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=13131","title":{"rendered":"VanEck, ARK filings \u2018officially\u2019 start clock for spot Ethereum ETFs: Analyst"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>The race for the United States\u2019 first spot Ethereum exchange-traded fund has officially begun after new\u00a019b-4  filings by the Chicago Board Options Exchange (CBOE), which will &#8220;ultimately start the clock&#8221; for an SEC decision.\u00a0\u00a0<\/p>\n<p>On Sept. 6, the CBOE filed two 19b-4 applications to the United States securities regulator, requesting for the ARK 21Shares Ethereum ETF and VanEck Ethereum ETF investment products to be listed on CBOE\u2019s BZX Exchange.<\/p>\n<p>In a series of tweets, Bloomberg ETF analyst James Seyffart noted that as opposed to the previously submitted S-1 filings, the 19b-4 filings mean that the countdown for a decision by the SEC is now in motion.<\/p>\n<p>\u201cThe Spot #Ethereum ETF Race is officially on,\u201d Seyffart declared, estimating a final deadline around May 23, 2024.<\/p>\n<p lang=\"en\" dir=\"ltr\">The Spot #Ethereum  ETF Race is officially on. It&#8217;s early but i&#8217;d estimate a final deadline on these applications to be around ~May 23, 2024.<\/p>\n<p>Notably, we didn&#8217;t see a VanEck spot Ethereum ETF S-1 from VanEck earlier because they filed for this thing all the way back in 2021!! pic.twitter.com\/jLve8PpPrE<\/p>\n<p>\u2014 James Seyffart (@JSeyff) September 6, 2023<\/p>\n<p>A 19b-4 form is filed by self-regulatory organizations \u2014 such as a stock exchange \u2014 to request a rule change to the U.S. Securities and Exchange Commission, while an S-1 filing only indicates a firm\u2019s intention to list a particular investment product on a national exchange.<\/p>\n<p>The securities regulator is now obligated to review the 19b-4 filings and make a decision, though the SEC can also delay the decision as it has for spot Bitcoin ETFs.\u00a0<\/p>\n<p>ARK Invest and 21Shares teamed up to file an S-1 to the SEC on Sept. 6, though VanEck\u2019s S-1 filing dates back to July 2021.<\/p>\n<p lang=\"en\" dir=\"ltr\">Late to the party? We filed our S-1 for\u00a0a\u00a0Spot Ether ETF back on 5\/7\/2021. https:\/\/t.co\/hYE6TG90Q3<\/p>\n<p>\u2014 VanEck (@vaneck_us) September 6, 2023<\/p>\n<p>Meanwhile, Seyffart expects more spot Ethereum ETF filings to come in the coming days.<\/p>\n<p lang=\"en\" dir=\"ltr\">How long before we see a 19b-4 from @Grayscale to convert $ETHE into an ETF? https:\/\/t.co\/078sm9FNlF pic.twitter.com\/pzSEcMrtZB<\/p>\n<p>\u2014 James Seyffart (@JSeyff) September 6, 2023<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Ether ETFs pending \u2014 Grayscale, VanEck and others file SEC applications <\/em><\/strong><strong><em> <\/em><\/strong><\/p>\n<p>On Aug. 17, the securities regulator reportedly signaling 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.<\/p>\n<p><strong><em>Magazine:<\/em><\/strong><strong><em> <\/em><\/strong><strong><em>How to protect your crypto in a volatile market \u2014 Bitcoin OGs and experts weigh in<\/em><\/strong><\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/spot-ethereum-etf-race-begins-vaneck-ark-21-shares-filing\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The race for the United States\u2019 first spot Ethereum exchange-traded fund has officially begun after new\u00a019b-4 filings by the Chicago Board Options Exchange (CBOE), which will &#8220;ultimately start the clock&#8221; for an SEC decision.\u00a0\u00a0 On Sept. 6, the CBOE filed two 19b-4 applications to the United States securities regulator, requesting for the ARK 21Shares Ethereum [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-13131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/13131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13131"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/13131\/revisions"}],"predecessor-version":[{"id":13133,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/13131\/revisions\/13133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/13132"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}