The SEC returns the documents and it is not expected to be listed until July 8! Ethereum spot ETF postponed again

According to a report by The Block, the U.S. Securities and Exchange Commission (SEC) has returned Form S-1 to potential Ethereum ETF issuers and asked them to resubmit it before July 8. Bloomberg ETF analyst Eric Balchunas also extended the listing date of the Ethereum spot ETF to beyond July 8.

The U.S. Securities and Exchange Commission (SEC) officially approved Form 19b-4 for eight Ethereum spot ETFs on 5/23. However, in order for these products to start trading, the S-1 registration statement submitted by the issuer needs to be effective. According to estimates by Bloomberg ETF analysts, it will take at least a few weeks. At that time, its optimistic prediction was that these Ethereum spot ETFs may be approved for listing on July 2, which is in time for the U.S. National Day holiday.

SEC Chairman Gary Gensler also said at the Bloomberg Investment Summit last week: Everything is going smoothly, but the exact timing of approval is not known.

However, the S-1 is not subject to any specific deadline and is entirely dependent on the speed of SEC review and approval. They will need at least one more round to take effect, sources said. The source pointed out that there are still some additional details about the Ethereum spot ETF, and before the ETF can start trading, "it will always be a winding road."

Bloomberg ETF analyst Eric Balchunas also extended the listing date to beyond July 8. Since the fees and codes of many publishers have not yet been announced, it seems that we may have to work hard overtime to get it listed after the National Day holiday!

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