The U.S. Securities and Exchange Commission (SEC) has delayed approval, requiring further amendments to the S-1 form. The decision introduces uncertainty into the exact timeline, as the SEC set a new submission deadline of July 8, making mid-to-late July a more realistic expectation for a possible launch.

SEC’s stance and market sentiment: According to SEC Chairman Gary Gensler, the approval process for an Ethereum ETF is moving forward, albeit slowly.

While the delay has injected a degree of fear, uncertainty, and doubt (FUD) into the Ethereum market, experts such as ETFstore President Nate Geraci have noted that the requested amendments are relatively minor.

It is expected that trading could begin within 14-21 days of the resubmission, which could significantly boost the price of Ethereum if the ETF is approved.

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