The SEC has included ProShares' Ethereum spot ETF application for consideration

ChainCatcher news, according to Cointelegraph, in a document dated June 10, the U.S. SEC stated that NYSE Arca has proposed a rule change to allow the listing and trading of the ProShares Ethereum ETF.

The SEC indicated that it will solicit public comments on the ETF application within 21 days of publication in the Federal Register and will approve, deny, or extend its decision timeline within 45 days.

It is reported that on May 23, the SEC officially approved the 19b-4 filings submitted by eight asset management companies, with final approval requiring the SEC to sign the spot S-1 registration statement before trading can officially begin. This process may take several months, but some experts expect it to be completed sometime in July.