News: U.S. SEC and Ethereum ETF issuer launch S-1 application discussion

This site (120bTC.coM): It is rumored that the U.S. Securities and Exchange Commission (SEC) has begun conversations with possible Ethereum ETF issuers regarding S-1 registration statements.

Preliminary stages of ETF process

A senior member from the issuing company revealed that these discussions are still in the early stages. “It’s basically just the beginning,” he said, suggesting that the SEC’s investment management arm may have been caught off guard by this development. Despite the cautious tone, the source remains optimistic about the progress of the Ethereum ETF.

Approval Process for Ethereum ETF

To move forward with an Ethereum ETF, the SEC would need to approve Form 19b-4, which was previously done in the form of a single omnibus order for Bitcoin ETFs. Afterwards, the S-1 registration statement must be effective before trading can begin. This process often requires multiple revisions and resubmissions before final approval is achieved.

Status of Form S-1

While there has been considerable activity on Form 19b-4, only Fidelity has recently filed a revised Form S-1. Additional revisions are expected as discussions unfold. This iterative process is critical to ensuring that Form S-1 complies with all regulatory requirements.

Ethereum ETF Decision Day

• SEC’s VanEck Ethereum ETF Deadline

Today is SEC Approval or Rejection Deadline for Form 19b-4 for VanEck Ethereum ETF. Market analysts believe the SEC may approve multiple issuers at the same time, as it did with the Bitcoin ETF, adding to optimism that a decision could be announced today.

• ETH ETF announcement time

## Bloomberg ETF analyst Eric Balchunas speculated on social media platform X , the SEC’s decision is likely to be announced around 4 p.m. Eastern Time. He pointed out: "For spot Bitcoin, they announced it at 3:45 p.m., and some other decisions in the past were a little later than 4 p.m. But anything is possible."

• Potential Delays Due to Form S-1

  
  

Even if the SEC approves Form 19b-4, there may still be a delay before the Form S-1 is finalized and becomes effective. This means actual trading of the Ethereum ETF may not begin immediately. According to Balchunas, the preparation time for the S-1 form may be "rushed" in the next few days or weeks, depending on the circumstances of the S-1 filing.

The SEC’s engagement with Ethereum ETF issuers represents an important step in the potential launch of these financial products. Although the process is still in its early stages and there may be delays, the overall mood remains cautiously optimistic. The SEC’s decision on the VanEck Ethereum ETF Form 19b-4 will be an important milestone in this process, and market participants are eagerly awaiting the results.

The above is the detailed content of News: U.S. SEC and Ethereum ETF issuer launch S-1 application discussion. For more information, please follow other related articles on the PHP Chinese website!