Prospective Ethereum ETF issuers are anticipating that the end is in sight following multiple rounds of filings and revisions.
Prospective Ethereum ETF issuers are eagerly waiting on the U.S. Securities and Exchange Commission to provide updates on the pending launches after handing in their latest S-1 forms on July 8.
"The next step would be to hear from the SEC on what's next. Do they want final drafts? by when?" said a source at one issuer. They noted that what they hear from the agency next will be highly informative. After their 19b-4 forms were approved in May, issuers have been engaged in a back-and-forth with the SEC over the second part of the two-step process: the S-1 forms. Unlike the first forms, the S-1s don't have a deadline to go effective, but they are still required before the ETFs can go live. There have been multiple rounds of the SEC providing comments for the issuers to revise their forms, with each round taking a few weeks.
The Block previously reported the last round of filings was based on light comments from the SEC in what may have been the final round of feedback. Analysts are largely expecting the products to be gearing up for an imminent launch, with Bloomberg Senior ETF Analyst Eric Balchunas noting that all indications point to a launch this month.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures.
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