Crypto Exchange CBOE asks the US Securities and Exchange Commission (SEC) to allow efforts in multiple seats (ether (ETH) Exchange-Traded Funds (ETFS) that sends the price of token 2% higher over the past 24 hours.
Before the funds launched in July, several issuers included efforts in their applications. However, SEC later required them to remove the function as the Commission did not allow it at the time.
CBOE, associated with five of the issuers of an Ether Etf, including Fidelity, Franklin Templeton, Vaneck and Inesco/Galaxy, on Tuesday, submitted changed 19B-4 documents to Fidelity Ethereum Fund (FETH) and Franklin Ethereum Etf (Ezet) to allow stack.
The move comes after former SEC chairman Gary Gensler left the Commission; He retired shortly before the inauguration of crypto -Rengeon President Donald Trump in January.
Trump’s nominees to run Sec, Paul Atkins, is not yet planned for a hearing or confirmation vote in the Senate. Commissioner Mark Uyeda is the acting chairman until Atkins is sworn in. Under Uyeda’s guard, SEC has made several positive features with regard to other crypto-related ETF applications, which encourages hope that Stack can see a positive response from the Commissioners.
CBOE’s request for action is likely to be approved, said James Seyffart, ETF Analyst at Bloomberg Intelligence. “There are still things to be sorted, but we expect SEC to allow efforts in the ETFs this year,” he said.
In addition to adding efforts, companies have filed to launch ETF products for a number of digital assets. In the past week, companies created delaware companies for SUI (SUI) and APTOS (APT), and SEC is already reviewing several applications for Solana (SOL) and XRP (XRP), among others.