According to The Block, the U.S. Securities and Exchange Commission (SEC) has returned the S-1 form to the proposed Ethereum ETF issuer with a few comments, requiring corrections and resubmission. This process will take at least one more round of submissions before it can take effect.
A source at an issuer said the forms will not be final once they are resubmitted by July 8, meaning at least one more round of filings will be required before the ETF can officially trade.
Although there were previous reports that the ETF could go live on July 4, this date is no longer possible. The S-1 form is the second step in the two-step process of listing an ETF. The first step is that the issuer's 19b-4 form was approved in May, but there is no specific deadline for the S-1 form, which depends on the speed of the SEC's processing.
