The U.S. Securities and Exchange Commission (SEC) has instructed firms aiming to launch Ethereum (ETH) ETFs to submit their draft S-1 registration forms by Friday. This request follows preliminary approval granted to prospective sponsors on May 23. The SEC's directive is part of the regulatory process, requiring the amended draft S-1 forms for further review and potential approval. This move indicates the SEC's cautious approach to introducing Ethereum ETFs, ensuring compliance with regulatory standards and investor protection.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
