According to The Block, citing two sources familiar with the matter, potential issuers of Ethereum spot ETFs are still waiting for the U.S. Securities and Exchange Commission (SEC) to provide feedback on their S-1 filings. These ETF issuers submitted their initial draft filings on May 31.
According to a source familiar with the discussions with the agency, the issuers of Ethereum spot ETFs 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 mentioned that they now anticipate receiving feedback from the SEC this week.
SEC Chairman Gary Gensler mentioned in an interview with CNBC last week that the approval of S-1 forms still “requires some time.”
It is currently unclear how long this process will take, with a source previously telling The Block that they anticipate at least two rounds of draft filings before the S-1 form is ready.
The S-1 form is the second step in the two-step process of listing Ethereum spot ETFs. The first step, the approval of form 19b-4, was completed on May 23.
Related reports: “K33: U.S. Ethereum Spot ETF May Absorb Over 1 Million ETH within First 5 Months of Launch,” “JPMorgan: Market Demand for Ethereum Spot ETF May Be Significantly Lower Than Bitcoin ETF,” “BlackRock Submits Revised Ethereum Spot ETF S-1 Filing, Analysts Predict Potential Listing by End of June”
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