🔥🔥The listing of the spot Ethereum ETF encountered feedback from the SEC and was postponed to mid-to-late July
Overview of the event:
Core dynamics: The listing plan of the spot Ethereum exchange-traded fund (ETF) was forced to be postponed due to feedback from the U.S. Securities and Exchange Commission (SEC).
Key information: According to Bloomberg ETF analysts, the detailed comments of the SEC have caused the timeline of the product launch to be extended, and the new issuance time is expected to fall in mid-to-late July. At the same time, the issuer needs to resubmit the S-1 form before July 8.
Timeline sorting:
May 23: The SEC formally approved the 19b-4 documents submitted by eight ETF bidders, paving the way for the potential listing of the ETF.
June 26: The chairman of the SEC confirmed the positive progress of the approval process, and there are many industry giants such as BlackRock in the lineup of major issuers.
Analysis of the approval process:
The importance of the S-1 form: As a key step in the listing process of ETFs, the approval of the S-1 form marks the completion of the second stage of the listing process. Unlike Form 19b-4, which has a clear submission deadline, there is no fixed timeline for the approval of Form S-1. The delay in its approval directly increases the uncertainty of the entire ETF issuance date.
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