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Bitcoin:
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BTC Dominance:
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Market Cap:
$3.07 T

Spot Ethereum ETF Launch Delayed by SEC Comments

Eth Etf Ethereum Etf

The launch of United States-based spot Ethereum exchange-traded funds (ETFs), which was initially expected as early as July 2, has been delayed due to comments from the U.S. Securities and Exchange Commission (SEC). The SEC has requested resubmissions of the S-1 forms by July 8, potentially pushing the launch to mid-to-late July.

According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the SEC has taken additional time to return the S-1 forms submitted by prospective spot Ethereum ETF issuers, delaying the launch. Balchunas noted that this new timeline suggests a mid-to-late July launch.

ETF Store president Nate Geraci mentioned that the last round of S-1 revisions was relatively minor and predicted that the SEC would clear issuers for trading within 14–21 days. Although the exact timeline remains uncertain, the SEC has indicated a potential launch this summer.

The approval of the S-1 forms is the second part of a two-step process required for the ETFs to go live. The first part involved the approval of the issuers’ 19b-4 forms in May. The SEC approved 19b-4 filings from eight ETF bidders on May 23.

On June 26, SEC Chairman Gary Gensler confirmed that the approval process for spot Ether ETFs is progressing smoothly. The SEC has approved a rule change allowing major issuers, including BlackRock, Fidelity, 21Shares, Grayscale, Franklin Templeton, VanEck, iShares, and Invesco, to participate in the process. Additionally, issuers such as VanEck have filed 8-A forms preparing for listing on exchanges by July 8.

However, Gensler indicated that listing spot Ether ETFs on stock exchanges could take months and may not happen until September. He emphasized that the timing of the Ether ETF listings depends on the critical’ response times.

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