Insider Source SEC Requires Ether ETF Issuer to Revise S1 Form and Resubmit

Insider Source SEC Requires Ether ETF Issuer to Revise S1 Form and Resubmit

Insider Source SEC Requires Ether ETF Issuer to Revise S1 Form and Resubmit

According to a report cited by 《The Block》 from informed sources, the U.S. Securities and Exchange Commission (SEC) has rejected the S-1 form submitted by the issuer of a potential Ethereum ETF. As per a source familiar with the issuer, the rejected forms came with straightforward feedback, requiring the issuer to address these comments and resubmit by July 8.

Sources noted that the rejection of these forms does not represent a final submission, indicating at least another round of document submission before an Ethereum spot ETF can begin trading. The S-1 form constitutes the second step in the two-step process for ETF listing. In the initial phase, the issuer’s 19b-4 form was approved ahead of a crucial deadline in May. However, the S-1 form is not bound by any specific deadlines, with the issuer dependent on the SEC’s processing pace.

SEC Chairman Gary Gensler previously indicated in mid-June that the S-1 documents for an Ethereum spot ETF were expected to receive approval by the end of this summer but did not provide a more precise timeline.