According to a report cited by The Block, the potential issuer of Ether spot ETF is still waiting for the US Securities and Exchange Commission (SEC) to provide feedback on their S-1 filing. These ETF issuers submitted their initial draft filing on May 31.
According to a source familiar with the matter and conversations with the agency, the issuer of the Ether spot ETF originally expected the SEC to provide feedback on these draft filings on June 7, however, at least two issuers have not received any feedback yet. One source said they now expect to receive feedback from the SEC this week.
SEC Chairman Gary Gensler said in an interview with CNBC last week that the approval of the S-1 form still “needs some time.”
It is currently unclear how long the process will take, with a source previously telling The Block that they expect the S-1 form to go through at least two rounds of draft submissions before it is ready.
The S-1 form is the second step in the two-step process for listing Ether spot ETFs. The first step, the approval of the 19b-4 form, was completed on May 23.
Related reports: “K33: US Ether Spot ETF may attract over 1 million ETH within the first 5 months of launch”, “JPMorgan: Market demand for Ether spot ETF may be significantly lower than Bitcoin ETF”, “BlackRock submits revised Ether spot ETF S-1 statement, analysts predict possible listing by the end of June”.
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