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To put it very, very simply, there are two major hurdles to overcome for the approval of a spot ETF: the 19b-4 form and the S-1 form. The 19b-4 form evaluates whether the ETF itself is appropriate, while the S-1 form assesses whether the methodology and operations are appropriate.
For typical ETFs, the review of the S-1 form is a very challenging process. However, for the Ethereum spot ETF, this process can be considered almost a non-issue for two main reasons.
First, the applicants for this ETF are seasoned players like BlackRock. There is no one better globally at properly completing the S-1 form.
Second, during the approval process for Bitcoin spot ETFs, all the conceptual issues, such as determining the fair market value of the assets, were resolved.
The period during which SEC commissioners could challenge the 19b-4 approval has already passed, so there are no longer significant obstacles to the approval of the Ethereum spot ETF. 0 reply
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