“SEC recently requested applicants to revise their S-1s documents”
“Considering that July 4th is a public holiday in the United States, the review will begin on the 8th.”
);)
Researcher Balchunas announced on the 30th through his
He said, “The SEC requested a ‘light adjustment’ from companies that submitted S-1s applications,” and “Considering the U.S. public holiday, even if the documents are resubmitted, the SEC’s review of the documents will only be re-reviewed on July 8, and approval will not be granted until July 8.” “It will be after that,” he explained.
July 4th is Independence Day and is a major public holiday in the United States. Considering that July 4th, a public holiday, falls on Thursday, the analysis is that the SEC, a government agency, will only review the Ethereum spot ETF documents in earnest after Monday the 8th.
Previously, researcher Eric Balchunas announced that the approval date for the Ethereum spot ETF would be July 2. This claim was withdrawn.
Balchunas' analysis is receiving great sympathy both inside and outside the market. This is because in the case of S-1s, unlike the ETF's review request form '19b-4', there is no deadline on the date of final review announcement and is subject only to the SEC's decision.
Reporter Seungwon Kwon ksw@
