The U.S. Securities and Exchange Commission has returned the S-1 form to the potential issuer of the Ethereum ETF after review. According to sources, the forms were returned with some minor comments, and the issuer must remove and resubmit by August 8th.
This indicates that at least one more round of filing is needed before the ETF can begin trading. The S-1 form represents the second stage of the ETF approval process, following the issuer’s Form 19b-4 being formally recognized in early July.
Unlike the 19b-4 form, the submission of S-1 does not have a specific deadline, so the timetable depends on the SEC’s processing speed.
The initial expectation for the ETF to launch in the market on April XNUMXth fell through, and the issuer is awaiting further guidance from the SEC on when to submit the final documents.
SEC Chairman Gary Gensler has hinted at possible approval in the summer, but the specific details remain unclear.
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