According to a report cited by The Block, potential issuers of Ethereum spot ETFs are still waiting for the Securities and Exchange Commission (SEC) to provide feedback on their S-1 filings. These ETF issuers submitted their initial draft filings on May 31.
According to a source familiar with the matter, the issuers of Ethereum spot ETFs originally expected the SEC to provide feedback on these draft filings on June 7, however, at least two issuers have not received any feedback yet. One source stated that they now anticipate receiving feedback from the SEC this week.
SEC Chairman Gary Gensler stated in an interview with CNBC last week that the approval of S-1 forms “needs some time.”
It is currently unclear how long the process will take, with a source previously telling The Block that they anticipate at least two more rounds of draft submissions before the S-1 forms are ready.
The S-1 form is the second step in the two-step process for listing Ethereum spot ETFs. The first step, the approval of the 19b-4 form, was completed on May 23.
Related reports: “K33: US Ethereum spot ETF may attract over 1 million ETH within the first 5 months” “JPMorgan: Market demand for Ethereum spot ETF may be significantly lower than Bitcoin ETF” “BlackRock submits revised Ethereum spot ETF S-1 statement, analysts predict possible launch by the end of June”