Bloomberg analyst Eric Balchunas has shifted his projected deadline for the launch of Ethereum Spot ETFs in the United States. This development comes following comments by the US Securities and Exchange Commission on the second round of S-1 forms submission.
S-1 Forms Receive Late Response From SEC – Details
In May, the SEC abruptly approved the 19b-4 filings from eight prospective issuers of the Ethereum spot ETF, clearing the first step for the eventual introduction of these investment funds. In line with US regulations, the Commission is also expected to greenlight the S-1 forms of these proposed ETFs before trading can commence. For context, the S-1 forms contain information on an ETF’s investment objectives, strategies, risks, fees, etc.
Following the initial submission of all draft S-1 forms on May 31, the SEC responded quickly with comments described as “pretty light” with all issuers ordered to turn in the requested amendments within a week.
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