According to sources familiar with the matter, the SEC has instructed prospective issuers to submit amended S-1 forms by Friday, May 31st.
This follows the approval of the 19b-4 forms on May 23, marking a significant milestone in the process.
Spot Ethereum ETF Approval Progresses
The recent approval of the 19b-4 forms marked a significant milestone, achieved through a last-minute change in direction from the SEC. Consequently, issuers had not prepared their S-1 forms in advance. Despite this, progress is being made, with the SEC now actively engaging with issuers to finalize these forms.
Sources familiar with the situation have reportedly confirmed that the SEC requested draft S-1 filings by today, Friday. Following this submission, the agency will provide its first round of comments, leading to further amendments. Launching an Ethereum ETF necessitates SEC approval of the 19b-4 and S-1 forms, which typically undergo several revisions before final approval.
So far, VanEck submitted an
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