VanEck and 21Shares Amend Ether ETF Filings

YEREVAN (CoinChapter.com) — VanEck and 21Shares are advancing plans to list and trade shares of a spot Ether (ETH) exchange-traded fund (ETF). Accordingly, on July 8, both companies submitted amended S-1 registration statements to the U.S. Securities and Exchange Commission (SEC), marking a key step towards approval.

SEC Nears Final Decision on VanEck and 21Shares Ethereum ETF Filings

Most importantly, in their July 8 filings, VanEck amended its Form S-1 registration statement to advance its bid for SEC approval of its Ethereum ETF.

VanEck Ethereum ETF Amendment Filing. Source: U.S. Securities and Exchange Commission

Similarly, 21Shares submitted an amended form for its Core Ethereum ETF.

21Shares Core Ethereum ETF Amendment Filing. Source: U.S. Securities and Exchange Commission

Critically, the amended filings are part of the final stage of the SEC’s approval process. These documents state that the ETFs will be launched “as soon as practicable after the effective date” of the registration. Notably, no specific launch date is mentioned, but the firms are prepared to move quickly once approved.

Subsequently, on May 23, the SEC approved spot Ether ETF 19b-4 filings from eight asset managers, including VanEck, 21Shares, and Bitwise. Moreover, during a June Senate Banking Committee hearing, SEC Chair Gary Gensler noted that the commission might approve the S-1 filings “sometime over the course of this summer,” without providing an exact timeline.

Filing approving spot Ether ETFs. Source: SEC Firms Push Ether ETF Filings

Initially, VanEck initially filed for a spot Ether ETF in January, following the SEC’s approval of spot Bitcoin ETF shares. Subsequently, the process faced delays due to an investigation into whether ETH should be classified as a security.

VanEck’s Crucial 8-A Filing for Ether ETF․ Source: Eric Balchunas

Moreover, in June, Consensys’ legal team reported that the SEC had dropped the investigation, clearing a significant hurdle.

Consensys letter to the SEC. Source: Consensys

Interestingly, Bitwise, another key player, filed a similar amended registration on July 3. And as such, more companies are expected to follow in the coming week.

Source: U.S. Securities and Exchange Commission

The post VanEck and 21Shares Amend Ether ETF Filings for SEC Approval appeared first on CoinChapter.