The U.S. Securities and Exchange Commission (SEC) approved the 19b-4 trading rule change documents for eight Ethereum spot ETFs on May 24, taking an important step towards the listing of Ethereum spot ETFs. The market is paying close attention to when the SEC will approve S -1 Registration statement document and official listing.
When SEC Chairman Gary Gensler attended a Senate Banking Committee hearing on the 13th, he disclosed the timing of the final approval for the first time. He said that the SEC is expected to approve the S-1 registration of the Ethereum spot ETF “sometime this summer.” Apply.
Gary Gensler said:
The Ethereum spot ETF applications filed by the stock exchanges before the SEC, I think eight or nine, have all been jointly approved, and individual issuers are still well on their way through the registration process, which I expect to be approved sometime this summer. .
Previously, Gary Gensler said on the 6th that the formal approval of Ethereum spot ETFs depends on the speed of the issuer's response to SEC comments, implying that the SEC will not delay the S-1 document approval process as some people fear, but He declined to say at the time whether he thought a listing would be weeks or months away.
Bloomberg analysts are optimistic about the 7/2 listing
As Gary Gensler made the above remarks, Bloomberg ETF analyst Eric Balchunas announced yesterday that he had decided to advance the launch date of the Ethereum spot ETF to July 2. He revealed that he had heard that the SEC had provided S-1 documents to the issuer. Comments. These comments are short and have no major issues. They are required to respond within a week:
There's a decent chance the ETFs will be formally approved next week and the matter resolved before the holiday weekend. Anything is possible, but this is our best guess right now.
In this regard, Deribit pointed out that the favorable news that the S1 file is expected to be approved has advanced the launch schedule of the Ethereum spot ETF and brought greater certainty, allowing ETH to rebound quickly from $3,360, and traders responded quickly. I have purchased call options at $3,500-3,700 expiring on June 21. This is an excellent opportunity to buy ETH call options:
Spot prices are low, short positions are heavy, the bullish tilt is suppressed, and implied volatility is lower than realized volatility….we will see next week if this continues.
