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The US Securities and Exchange Commission (SEC) has formally requested a revision of the S-1 form for Ethereum spot exchange traded funds (ETFs). This decision has caused a delay in the launch, which was originally scheduled for July 2nd. The potential issuer of the Ethereum spot ETF product needs to respond to SEC comments and resubmit the revised form no later than July 8th.
According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the SEC has taken extra time to review the S-1 form, pushing its launch to mid-July or later. ETF Store President Nate Geraci mentioned that the final round of S-1 revisions will be relatively quick, estimating that the SEC will allow issuers to launch their products within 14-21 days. However, the exact schedule is still uncertain at this time.
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