Ethereum ETF Launch Anticipated as SEC Reviews Amended S-1 Forms by July 8

• The SEC delays the Ethereum ETF launch to mid-July, requiring amended S-1 forms by July 8.
• Asset managers are optimistic due to constructive feedback from the SEC, anticipating a mid-July launch.
• Bloomberg forecasts align with the SEC’s extended filing deadline, suggesting a mid-July Ethereum ETF debut.

Nate Geraci, President of ETFStore, recently shared an update on the anticipated launch of Ethereum (ETH) exchange-traded funds (ETFs) via his X platform account. He highlighted that the U.S. Securities and Exchange Commission (SEC) is likely to approve the first U.S. ETFs that invest directly in Ether by mid-July. 

This update follows a series of constructive interactions between asset managers and the regulator, despite earlier market speculation about an approval during the July 4 holiday week.

The SEC has informed Ether ETF applicants to submit the amended S-1 forms by July 8. This extension follows initial expectations that the launch might coincide with the July 4 holiday. It indicates that there could be an additional round of filings after the current submissions are reviewed. This step is crucial as it aligns with the SEC’s thorough approach to regulatory compliance.

Eric Balchunas, another analyst from Bloomberg mentioned a continued forecast of a mid-July approval. If the amended S-1 forms are filed by July 8, and the final S-1 forms are submitted by July 12, the launch could theoretically occur during the week of July 15. This timeline suggests that the regulatory process is moving forward, albeit at a cautious pace. The SEC’s feedback and requirements are pivotal in determining the exact launch date.

Optimism among asset managers regarding the SEC’s approval remains high. According to Geraci, the back-and-forth with the regulator has been constructive, reinforcing confidence in a mid-July launch. This optimistic view is significant, given the earlier uncertainty surrounding the approval timeline. The constructive feedback from the SEC is seen as a positive indicator of progress toward the launch of these Ethereum ETFs.

Nate Geraci’s update underscores the ongoing regulatory scrutiny and the meticulous process involved in launching Ethereum ETFs. As the deadline for amended filings approaches, the market remains attentive to any developments that could influence the launch timeline. With the potential for a mid-July debut, the crypto community eagerly anticipates this significant milestone in the U.S. cryptocurrency market.

Bloomberg’s mid-July forecast for the Ethereum ETF launch aligns with the SEC’s extended filing deadline. Asset managers are optimistic as the SEC’s constructive feedback pushes the Ethereum ETF launch.