“Both CME surveillance can detect spot-market fraud that impacts each futures ETFs and spot exchange-traded merchandise, or that surveillance can’t accomplish that for both kind of product,” the submitting stated. “Having accepted ETH futures ETFs partly on the premise of such surveillance, the Fee has clearly decided that CME surveillance can detect spot-market fraud that may have an effect on spot ETPs, and the Sponsor thus believes that it should additionally approve spot ETH ETPs on that foundation.”
