Home » SEC Postpones the Approval of Ethereum ETFs

SEC Postpones the Approval of Ethereum ETFs

30.06.2024 6:00 1 min. read Alexander Stefanov
SHARE: SHARES
SEC Postpones the Approval of Ethereum ETFs

The U.S. Securities and Exchange Commission has returned the Forms S-1 to potential issuers of the Ethereum ETF after reviewing them.

According to a source familiar with the matter, the forms were returned with minor comments and issuers have until July 8 to fix them and resubmit them.

The move indicates that it will take at least one more round of filings before ETFs can begin trading.

The Forms S-1 represent the second phase in the ETF approval process, following the approval of issuers’ Forms 19b-4 earlier in May.

Unlike Forms 19b-4, there is no specific deadline for filing S-1s, so the timeline depends on the speed of processing by the SEC.

Initial expectations for a July 4 ETF launch fell through, and issuers are awaiting further guidance from the SEC on when final documents will be filed.

SEC Chairman Gary Gensler has already hinted at possible approvals over the summer, but specifics remain unclear.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

Telegram

SHARE: SHARES
More Altcoins News
No Comments yet!

Your Email address will not be published.