In an exciting development for the cryptocurrency sector, the U.S. Securities and Exchange Commission (SEC) has granted authorization for eight Ethereum ETFs. This marks a significant milestone and has garnered congratulations from various individuals, including Shytoshi Kusama, the lead developer of Shiba Inu. Kusama not only commended the Ethereum community on achieving this milestone but also hinted at the possibility of a Shiba Inu (SHIB) ETF in the future.
The news of the Ethereum ETF authorization has generated great enthusiasm among the SHIB army. Kusama’s statement, “Does this pave the way for #SHIB?” has sparked speculation about the potential launch of a SHIB ETF, similar to Ethereum. Furthermore, Kusama mentioned that there are exciting developments on the horizon for Shiba Inu, which has further instilled confidence in the SHIB ecosystem.
It is surprising that the SEC has approved the Ethereum ETFs, considering their recent lack of communication with issuers. The CBOE, NYSE Arca, and NASDAQ will be among the main exchanges offering these ETFs, which will provide a broader range of investors with access to Ethereum.
However, before the Ethereum ETFs can begin trading, issuers need to obtain clearance for their S-1 registration statements, despite receiving regulatory approval for their 19b-4 filings. Bloomberg analyst James Seyffart noted that although it is possible to expedite the process to a few weeks, it typically takes at least three months.
In other cryptocurrency news, BONK has surpassed FLOKI with a market cap of $2.5 billion. The future of BONK looks promising, and investors are eagerly anticipating what lies ahead.
