According to a report citing two informed sources by “The Block”, the potential issuer of an Ethereum spot ETF is still waiting for the Securities and Exchange Commission (SEC) to provide feedback on their S-1 filing. These ETF issuers submitted their initial draft filing on May 31.
According to a source familiar with the discussions with the agency, the issuers of the Ethereum spot ETF initially expected the SEC to provide feedback on these draft filings on June 7; however, at least two issuers have not received any feedback yet. One source mentioned that they now anticipate receiving feedback from the SEC this week.
SEC Chairman Gary Gensler mentioned in an interview with CNBC last week that the approval of the S-1 form still “needs some time.”
It is currently unclear how long this process will take. A source previously told The Block that they expect the S-1 form to go through at least two more rounds of draft submissions before it is ready.
The S-1 form is the second step in the two-step process for listing an Ethereum spot ETF. The first step, the approval of the 19b-4 form, was completed on May 23.
Related reports: “K33: US Ethereum spot ETF may absorb over 1 million ETH within first 5 months of launch”, “JPMorgan: Market demand for Ethereum spot ETF may be significantly lower than Bitcoin ETF”, “BlackRock submits revised Ethereum spot ETF S-1 statement, analysts predict possible launch by the end of June”
