United States of America: Closed consultation on proposed rule change to allow ETF-traded Ethereum including new issues
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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 sourceScope
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
2023-11-29
processing consultation
2024-02-12
in consultation