US Lawyer: If Ethereum Spot ETF is Not Approved in May 2024! By mid-2025 at the latest

This site (120BtC.coM): BlackRock, Hashdex, ARk21Shares, VanEck, Fidelity and other financial institutions successively submitted a total of 8 Ethereum spot ETF applications to the SEC last year, but In the past few weeks, the SEC has successively postponed the application decision deadlines for Ethereum spot ETFs such as Fidelity, BlackRock, Grayscale, and Invesco/Galaxy.

8 Ethereum spot ETF related application timetable

Bloomberg analyst James Seyffart previously pointed out that this is exactly as he expected, in the next few months , there will be more delays, and currently the only important date for the Ethereum spot ETF is May 23, as this is the final approval deadline for VanEck’s application.

American lawyers expect it to be listed no later than the middle of next year

As for when the Ethereum spot ETF application will be approved for listing, American financial lawyer Scott Johnsson tweeted on the 24th, citing Bitcoin spot ETF as the For example, it is pointed out that the SEC issued a preliminary opinion letter on the issuer’s Bitcoin spot ETF registration statement on September 29 last year. About 2 weeks later, the revised prospectus (S-1 document) began to appear, which was higher than the one on January 10. The final approval deadline is approximately 90 days in advance.

There are now exactly 90 days left before the May 23rd approval deadline for the Ethereum spot ETF. According to Scott Johnsson, there are many reasons to believe that the SEC may deviate from the approval timetable for the Bitcoin spot ETF. , but will still approve the Ethereum spot ETF, including delaying the entire S-1 comment process until after the exchange’s rule change proposal (19b-4 document) is approved: if the Ethereum spot ETF is not approved in May 2024, then by It should be approved in mid-2025, and confidence is relatively high.

Bloomberg analysts are optimistic about approval this year

In response, James Seyffart responded that his view is that the SEC does not need to spend as much time processing spot transactions as it does with Bitcoin spot ETF applications. Ethereum ETF application documents, although the two are different, it is much more difficult to process the Bitcoin ETF application document from 0 to 1 than it is to process the Ethereum ETF application document from 0 to 1. The SEC can be in Bitcoin Build a considerable foundation on ETF applications.

James Seyffart is optimistic about the approval of Ethereum spot ETFs. He said last month that when the SEC approved nine Ethereum-related futures ETFs last year, it "implicitly" acquiesced that Ethereum is a commodity. This means that The first Ethereum spot ETF is expected to be listed this year.

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