After the U.S. Securities and Exchange Commission (SEC) approved the 19b-4 documents (changes in exchange rules) submitted by eight Ethereum spot ETF issuers on the 24th, the issuers still need to wait for the SEC to approve their S-1 documents (registration statements). It could take anywhere from a few weeks to a few months for trading to officially begin, analysts said.
SEC requires S-1 filings by Friday
However, according to the latest report from The Block, two sources revealed that the SEC has required Ethereum spot ETF issuers to submit revised S-1 documents before Friday, after which the SEC will provide the first round of opinions, and then both parties will Further changes will be made to the S-1 filing.
One source said: The details of the seed funding are fairly simple for the issuer, while other aspects of the document may take longer to resolve. The source expects the S-1 document to go through at least two rounds of revised draft submissions. Ready.
After the 19b-4 document was approved, VanEck immediately submitted a revised S-1 document, and BlackRock also followed up on the 29th, indicating that it planned to inject $10 million in seed capital and seek to convert its Ethereum Trust ETHE into Ethereum Spot Grayscale ETF will submit a revised S-3 registration statement document on the 30th.
Ethereum spot ETF could be launched as soon as June?
Just this week, Bloomberg ETF analyst Eric Balchunas estimated that the Ethereum spot ETF will be launched on July 4, but an official launch at the end of June is also very likely.
Discus Fish, founder of Cobo, a digital asset custody solution provider, also predicted on the 24th that the S-1 document for the Ethereum spot ETF may be approved in mid-June:
Early June: The S1 file may be approved. Referring to the BTC ETF time, it will take at least two weeks, but the normal pace may take 3 months.
Mid-June: Trading may start immediately after S1 is passed, or within a few days
Some institutions believe that the listing time will be later. Galaxy Digital predicts it will be in July or August , and JP Morgan predicts it in November . However, Zaheer Ebtikar, co-founder of the cryptocurrency hedge fund Split Capital, believes that if the SEC delays the listing time of the Ethereum spot ETF point, which is conducive to the rise of ETH, because it will give market participants time to grab ETH before potential fund inflows from the ETF.
But no matter what, after taking into account the opinions of all parties, it should be an established fact that the Ethereum spot ETF will be launched in the second half of the year.
