United States of America: Closed consultation on proposed rule change to allow ETF-traded Ethereum including new issues

Description

Closed consultation on proposed rule change to allow ETF-traded Ethereum including new issues

On 18 March 2024, the US Securities and Exchange Commission (SEC) closed a consultation again on the proposed rule change to allow ETF-traded Etherum regarding new issues that emerged. The SEC identified seven more issues for which it opened another consultation period. These issues include the filing method of the Chicago Board Options Exchange (CBOE), the applicability of this rule to Bitcoin ETFs, the susceptibility of the rule to manipulation, questions about the right market, price manipulation, market surveillance over the new product and a correlation between different markets.

Original source

Scope

Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central government

Complete timeline of this policy change

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2023-11-08
in consultation

On 8 November 2023, the US Securities and Exchange Commission (SEC) opened a consultation on a prop…

2023-11-29
processing consultation

On 29 November 2023, the US Securities and Exchange Commission (SEC) closed consultation on a propo…

2024-02-12
in consultation

On 12 February 2024, the US Securities and Exchange Commission (SEC) opened a second consultation o…

2024-03-18
processing consultation

On 18 March 2024, the US Securities and Exchange Commission (SEC) closed a consultation again on t…