The startup process for trading Ethereum ETFs has hit a snag as the SEC has returned S-1 forms to the companies involved. This is the final step before the ETFs can begin trading, and it appears that the SEC is taking its time with the approvals.
According to an insider source at one of the issuers, the forms were returned with minor comments and the issuers have been instructed to address these comments and re-file the forms by July 8. However, this is not the end of the process, as at least one more round of filings will be required before the ETFs can finally start trading.
The source described the process as a “winding road,” indicating that there have been challenges and delays along the way. The S-1 forms are part of a two-step process for ETFs to go live, with the 19b-4 forms being approved in May before a key deadline. However, the S-1 forms are not bound by a specific deadline, leaving issuers at the mercy of the SEC’s review timeline.
Initial reports suggested that the ETFs could go live as early as July 4, but that is no longer the case. Issuers are still uncertain about when the ETFs will go live, but they are hoping for more clarity when the SEC sets a deadline for filing final forms. It is important to note that this information is not investment advice.
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