SEC extends the deadlines for ARK 21Shares and VanEck’s applications for spot ether ETFs
The United States Securities and Exchange Commission (SEC) has opted to extend its evaluation period for the approval or disapproval of spot Ether exchange-traded fund (ETF) applications from ARK 21Shares and VanEck. This decision was announced on September 26th. In two separate notices filed on September 27th, the SEC articulated its intention to allocate additional time to deliberate upon a proposed rule modification. This modification pertains to permitting the listing of spot ETH ETFs from VanEck and ARK 21 Shares on the Cboe BZX Exchange. Notably, there have been no public comments received regarding these proposals. Consequently, the SEC has extend ed the deadlines for a further review or verdict until December 25th and December 26th, respectively. “The Commission deems it prudent to establish an extended timeframe for the consideration of the proposed rule change and the issues it raises,” affirmed the SEC. This postponement coincided with the submission of a pr...