Now that Ethereum ETF 19b-4 forms have been approved, issuers must wait for their S-1 form to be approved before asset trading can begin. These forms are required for a public offering of new securities. This process may take longer for the SEC to process each filer, especially if the regulator maintains any dissatisfaction with Ethereum ETFs. Based on the timeline for Bitcoin ETFs, this could take anywhere from a few weeks to a few months.
All eyes are on how the situation might affect the market as a whole. Bitcoin's offering has caused the asset to reach an all-time high in just three months. Many experts predict similar developments for Ethereum, with ETF construction predictions leading assets to surge nearly 30% over the past seven days, according to CoinMarketCap.$ETH #BinancePizzaVN #MemeWatch2024 #bitcoin #ETH #ETHETFS