According to sources cited by The Block, potential issuers of an Ethereum spot ETF are still waiting for the Securities and Exchange Commission (SEC) to provide feedback on their S-1 filings. These ETF issuers submitted their initial draft filings on May 31.
According to a source familiar with the matter, the issuers of the Ethereum spot ETF were originally expecting feedback from the SEC on June 7 regarding their draft filings, but at least two issuers have not received any feedback yet. The source mentioned that they now anticipate receiving feedback from the SEC later this week.
SEC Chairman Gary Gensler, in an interview with CNBC last week, mentioned that the approval of the S-1 form “will take some time.”
It is currently unclear how long this process will take, with a source previously telling The Block that they expect at least two rounds of draft submissions before the S-1 form is ready.
The S-1 form is the second step in the two-step process of listing an Ethereum spot ETF. The first step, the approval of the 19b-4 form, was completed on May 23.
Related reports: “K33: U.S. Ethereum spot ETF may attract over 1 million ETH in first 5 months” “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 listing by the end of June”
