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Spot Ethereum ETF issuer responds to SEC comments, expected to submit response this week

Spot Ethereum ETF issuer responds to SEC comments, expected to submit response this week

CointimeCointime2024/06/19 00:25
By:Cointime

The potential issuer of a physical Ethereum ETF is responding to comments received on the S-1 form from the US Securities and Exchange Commission (SEC) last week and plans to submit a response by this Friday. Sources say the comments were "minor" and "reasonable," and approval is expected soon. In May, after the issuer's 19b-4 form was approved, they submitted a preliminary draft of the S-1 form, but it took the SEC two weeks to provide feedback. Bloomberg's senior ETF analyst Eric Balchunas expects the product to launch in early July. SEC Chairman Gary Gensler said the approval time depends on the issuer's response time to feedback. Analysts predict that Ethereum ETF flows could reach 20% of Bitcoin ETF flows.

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