China News by Thebittimes.Com

The SEC has informed exchanges it is leaning towards approving spot Ethereum ETFs, according to a Barron report. On Monday, reports came out that the SEC was changing their mind on the future of the Ethereum funds, and the agency decided to speed up the process of reviewing applicants’ documents. JUST IN: SEC informs exchanges it is leaning towards approving spot #Ethereum ETFs, Barrons reports. — Watcher.Guru (@WatcherGuru) May 21, 2024 Presently, the SEC permits ETFs holding Ether futures, but this approval would allow them to hold the currency itself. Yesterday, the SEC asked exchanges to update their 19B-4 filings for their Spot Ethereum ETF s. The agency looks to be speeding toward a potential approval by a crucial Thursday deadline. Furthermore, for the Ethereum ETFs to be approved, the SEC must approve the 19b-4s (exchange rule changes) & S-1s (registration statements). Upon approval of both, all of the ETF applications will likely be approved simultaneous...

Hong Kong financial regulators have officially announced that its Bitcoin and Ethereum ETFs have been approved to begin trading on April 30th. Indeed, the date will see six of the digital asset investment products debut, according to Bloomberg analysts. The mainland Chinese city has seen its Securities and Futures Commission (SFC) approve the crypto-based ETFs earlier this month. Subsequently, the products are set to go from approval to trading in just 15 days. Their arrival is poised to offer increased convenience and security for Hong Kong’s cryptocurrency investors. JUST IN: Hong Kong 's #Bitcoin and Ethereum ETFs officially approved to begin trading on April 30th. — Watcher.Guru (@WatcherGuru) April 24, 2024 Also Read: Hong Kong Spot Bitcoin ETFs Expected to Launch in April Hong Kong Bitcoin and Ethereum ETFs to Start Trading April 30th In 2024, the United States made a landmark decision with the approval of 11 Spot Bitcoin ETF s. The US Securi...