SEC Requests ETH ETF Applicants to Submit Their Amended S1

SEC Requests ETH ETF Applicants to Submit Their Amended S1
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1
After the BlackRock iShares Ethereum Trust, SEC requested other applicants to file their updated S-1 soon by Friday, May 31.
2
There is no clarity about the exact timing to begin trading the spot Ether ETF.
3
The delay in filings led to uncertainty about the applicants applying for the ETH ETF.
On May 30, BlackRock (Internal Link: became the second applicant to apply for an amended S-1 filing after VanEck, who filed on the day of approval, that is, May 23 itself for the approval and trading of spot ETH ETF. On May 23, the SEC approved the 19b-4 filings for 8 applicants out of whom only 1 has filed an updated S-1 filing.
Notably, for the BTC spot ETFs, applicants were ready with their amended filing before the approval. The BTC spot ETFs began trading a day after the approval. In contrast, even after a week of approval, there are no updates on the trading initiation. 
SEC Request for Draft S-1
Reportedly, the US Securities

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