Ethereum spot ETF postponed again! SEC returns documents and is expected to go public after July 8

1. This site (120btC.coM):

According to a report by The Block, The U.S. Securities and Exchange Commission (SEC) has returned Form S-1 to potential Ethereum ETF issuers and They are asked to resubmit by July 8. Bloomberg ETF analyst Eric Balchunas also extended the listing date of the Ethereum spot ETF to beyond July 8.

2. The U.S. Securities and Exchange Commission (SEC) officially approved Form 19b-4 for eight Ethereum spot ETFs on 5/23. However, in order for these products to begin trading, an S-1 registration statement filed by the issuer needs to be effective. It will be at least a few more weeks, according to estimates from Bloomberg ETF analysts. Its optimistic prediction at the time was that these Ethereum spot ETFs might be approved for listing on July 2, in time for the U.S. Fourth of July holiday.
3. SEC Chairman Gary Gensler also said at the Bloomberg Investment Summit last week: Everything is going well, but the exact timing of approval is not known.
4. However, the S-1 is not subject to any specific deadline and is entirely dependent on the speed of SEC review and approval. They will need at least one more round to take effect, sources said. The source noted that there are still some additional details about the Ethereum spot ETF, and it will “always be a winding road” before the ETF can begin trading.
5. Bloomberg ETF analyst Eric Balchunas also extended the listing date beyond July 8. Since the fees and codes of many publishers have not yet been announced, it seems that we may have to work hard overtime to get it listed after the National Day holiday!

   

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