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International Business Times
International Business Times
Business
Marvie Basilan

SEC Considers ProShares' 'Late' Spot Ether ETF Filing, Seeks Public Comments

SEC ProShares ETF James Seyffart Ethereum Gary Gensler VanEck
ProShares has multiple Ethereum Futures ETFs but didn't file to issue a spot ETH ETF until this month. (Credit: ProShares Website/Screenshot)

KEY POINTS

  • NYSE Arca told the SEC in its proposal that ProShares' ETH ETF will "enhance competition"
  • The SEC has been unpredictable in its handling of spot Ethereum ETF filings
  • Gensler has said the approval of spot ETH ETF S-1 filings will depend on how responsive issuers are

The race toward issuing spot Ether (ETH) exchange-traded funds (ETFs) is not over as the U.S. Securities and Exchange Commission (SEC) confirmed it is considering asset manager ProShares' application to issue its own ETH ETF.

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