Jay Clayton: Ethereum ETF Approval and Trading Imminent! 🚀

Former SEC Chair Predicts the Inevitable Arrival of Ethereum ETFs

Jay Clayton, former Chair of the U.S. Securities and Exchange Commission (SEC), believes that the launch of a spot Ethereum (ETH) exchange-traded fund (ETF) on American stock exchanges is now unavoidable. Clayton notes that while the SEC has approved the product itself, the trading of ETF products is still pending.

Approval Process for Ethereum ETFs

“There are two key approvals needed for these products. The listing approval, which was granted on May 23rd, and the approval of the product itself, the registration statement. This step signifies progress towards ETH ETFs trading,” says Clayton. The SEC has approved form 19b-4 filings from major firms like BlackRock, Fidelity, and Grayscale, indicating that ETH ETFs are nearing approval for trading.

Approval for listing granted by SEC
Approval of the product pending
Form 19b-4 filings approved for major firms
Further approval needed for trading to commence

Evolving Regulatory Environment

Clayton draws parallels with the approval process for Bitcoin products and indicates that the questions surrounding ETH ETFs have largely been resolved. However, S-1 registration filings for the firms must be approved by the SEC before trading can officially start.

Comparison to Bitcoin product approval process
S-1 registration filings pending approval
Questions regarding ETH ETFs mostly resolved
Full trading approval pending SEC decision

Subscribe to receive email alerts and stay updated with crypto news.

Stay informed on price action developments.

Follow us on Twitter, Facebook, and Telegram.

Explore The Daily Hodl Mix for more crypto updates.

Image Credit: Midjourney

Hot Take: Impending Arrival of Ethereum ETFs

As former SEC Chair Jay Clayton asserts, the approval and trading of Ethereum ETFs on American stock exchanges appear inevitable. With regulatory hurdles being addressed and major firms awaiting final approval for trading, the crypto community anticipates the official launch of ETH ETFs in the near future.