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My guess is that this will take at least a week, but likely more.

If history is any guide it could be much longer and be measured in months.

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Everyone is just guessing right now though.” Seyffart said.Regulators sent a shock wave through the industry on Monday when reports came out that issuers were asked to update their 19b-4 filings ahead of the SEC's deadline to approve or deny one of the issuers, VanEck’s filing.An SEC spokesperson said the agency would not comment beyond what's in the order published Thursday.In a statement, 21Shares Head of Legal Andrew Jacobson said the approval was "a significant step in the right direction."Cboe Global Head of ETP Listings Rob Marrocco said the exchange, which plans to list five different spot ether ETF products, was "excited to expand our offerings" to the ETFs.

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investors, allowing them to gain Ether exposure in a transparent, well-regulated and easily accessible structure," he said.VanEck expects to be the first issuer to launch its spot ether ETF,saidthe company's head of digital assets research, Matthew Sigal.Helene is a New York-based news reporter at CoinDesk, covering news about Wall Street, the rise of the spot bitcoin exchange-traded funds (ETFs) and updates on crypto exchanges.

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Helene is a recent graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks.

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