According to a report cited by “The Block”, the potential issuer of an Ether spot ETF is still awaiting feedback from the U.S. Securities and Exchange Commission (SEC) on their S-1 filing. These ETF issuers submitted their initial draft filings on May 31.
According to a source familiar with the matter and discussions with the agency, the Ether spot ETF issuer 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. A source mentioned 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 the S-1 form still “needs some time”.
It is currently unclear how long this process will take, with a source previously telling The Block that they expect at least two more rounds of draft submissions before the S-1 form is ready.
The S-1 form is the second step in the two-step process of listing an Ether spot ETF. The first step, the approval of the 19b-4 form, was completed on May 23.
Related reports: “K33: U.S. Ether Spot ETF may attract over 1 million ETH in the first 5 months of launch”, “JPMorgan: Market demand for Ether spot ETF may be significantly lower than Bitcoin ETF”, “BlackRock submits revised Ether spot ETF S-1 statement, analysts predict possible launch by the end of June”.