The U.S. Securities and Exchange Commission has returned the S-1 form to the potential Ethereum ETF issuer after review. According to the source, the forms were returned with minor comments and the issuers have until July 8 to address them and resubmit. This move indicates that at least one more round of document filing will be necessary before the ETFs can begin trading. The S-1 forms represent the second phase in the ETF approval process, following the earlier approval of the issuers’ 19b-4 forms in May. Unlike the 19b-4 forms, there is no specific deadline for submitting the S-1, so the timeline depends on the speed of processing by the SEC. Initial expectations for the ETF to launch on the market on July 4 failed, and the issuers are expecting additional guidance from the SEC on when the final documents will be submitted. SEC Chairman Gary Gensler has already hinted at potential approvals in the summer, but specific details remain unclear.
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According to Grayscale, what is the most valuable cryptocurrency? Unlike the 19b-4 forms, there is no specific deadline for submitting the S-1, so the timeline depends on the speed of processing by SEC. Initial expectations for the ETF to launch on the market on July 4 failed, and the issuers are expecting additional guidance from the SEC on when the final documents will be submitted. SEC Chairman Gary Gensler has already hinted at potential approvals in the summer, but specific details remain unclear.
