The US Securities and Exchange Commission (SEC) has formally requested a revision of the S-1 form for Ethereum spot exchange-traded funds (ETFs). This decision caused a delay in the launch which was initially expected to launch on July 2. Prospective issuers of Ethereum spot ETF products will need to respond to the SEC's comments and resubmit revised forms by July 8.

According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the SEC has taken extra time to return S-1 forms, pushing their release to mid-July or late. ETF Store President Nate Geraci mentioned that the latest round of S-1 revisions will be relatively quick, estimating that the SEC will allow issuers to launch their products within 14-21 days. However, the exact schedule is currently still uncertain.

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