Asset manager VanEck, alongside other financial institutions, has formally requested the U.S. Securities and Exchange Commission (SEC) to process applications for spot Ethereum exchange-traded funds (ETFs) on a first-in, first-out basis.
This explicit appeal for a sequential review system aims to bring greater clarity and predictability to the regulatory process surrounding long-pending Ethereum ETF proposals.
The group argues this structured approach is necessary to address the complex and evolving regulatory dynamics within the Ethereum ETF landscape.
Approval of these spot Ethereum ETFs is viewed as a crucial step that could significantly enhance liquidity and broaden investor access to Ethereum-based assets within traditional financial markets.