Spot Ethereum ETF issuer responds to SEC comments, expected to submit response this week
The potential issuer of a physical Ethereum ETF is responding to comments received on the S-1 form from the US Securities and Exchange Commission (SEC) last week and plans to submit a response by this Friday. Sources say the comments were "minor" and "reasonable," and approval is expected soon. In May, after the issuer's 19b-4 form was approved, they submitted a preliminary draft of the S-1 form, but it took the SEC two weeks to provide feedback. Bloomberg's senior ETF analyst Eric Balchunas expects the product to launch in early July. SEC Chairman Gary Gensler said the approval time depends on the issuer's response time to feedback. Analysts predict that Ethereum ETF flows could reach 20% of Bitcoin ETF flows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC Commissioner Slams Ripple Settlement as Legal Battle Nears End
A senior U.S. Securities and Exchange Commission (SEC) official has criticized a proposed settlement between the agency and Ripple Labs, potentially marking the final chapter of a years-long legal dispute over the XRP token.
Zerebro Developer Reported Alive Days After Alleged On-Camera Suicide
The mysterious case of Zerebro’s 22-year-old developer, who appeared to shoot himself during a livestream on May 4, took a dramatic turn after he was reportedly seen alive outside his family home in San Francisco.
AI DApps Surge in Activity, Poised to Rival Gaming and DeFi in Web3 Dominance
Artificial Intelligence-powered decentralized applications (DApps) are rapidly gaining ground in the Web3 ecosystem. They may soon challenge the dominance of Gaming and Decentralized Finance (DeFi), according to fresh insights from blockchain analytics firm DappRadar.
Bitcoin ETF Inflows Surge to Record $40.62 Billion
Trending news
MoreCrypto prices
More
