Ethereum Spot ETF Launch Delayed Again SEC Rejection Hopeful for Listing After July 8

According to The Block, the US Securities and Exchange Commission (SEC) has returned the S-1 form to potential Ethereum ETF issuers and has requested them to resubmit it by July 8th. Bloomberg ETF analyst Eric Balchunas has also postponed the listing date of the Ethereum spot ETF to after July 8th.

The SEC officially approved the 19b-4 forms for eight Ethereum spot ETFs on May 23rd. However, for these products to start trading, the S-1 registration statements submitted by the issuers need to become effective. According to Bloomberg ETF analyst, it will still take a few more weeks for this to happen. At the time, the optimistic prediction was that these Ethereum spot ETFs could be approved for listing on July 2nd, just before the US Independence Day holiday.

(VanEck starts fee war, Ethereum spot ETF expected to be listed on July 2nd)

SEC Chairman Gary Gensler also stated at last week’s Bloomberg Investment Summit that everything is progressing smoothly but the exact approval timing is unknown.

However, the S-1 is not bound by any specific deadline and is entirely dependent on the SEC’s review and approval speed. Insiders say that they will need at least one more round to become effective. Insiders point out that there are still some additional details regarding the Ethereum spot ETF, and it is always a winding path before the ETF can start trading.

Bloomberg ETF analyst Eric Balchunas has also postponed the listing date to after July 8th. Given that the expenses and tickers of many issuers have not yet been disclosed, it seems that there will need to be a concerted effort to meet the deadline after the national holiday!

S-1
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Ethereum spot ETF

(Additional reading:
US SEC sues ConsenSys, targeting MetaMask and Ethereum staking services: Lido, Rocket Pool also affected
Coinbase sues SEC and FDIC: non-compliance with providing documents, attempting to exclude the crypto industry)