The U.S. Securities and Exchange Commission (SEC) has returned Form S-1 to potential spot ETH-ETF issuers for corrections. This was reported by The Block, citing its own source.
The regulator made “small comments” and expects the return of adjusted applications by July 8, the publication’s interlocutor noted.
This will not be the final submission, he said. At least one more round of document exchange will be required.
The S-1 approval is the second part of a two-step process for launching exchange-traded funds. On May 23, the SEC approved Forms 9b-4 from issuers, but the regulator has no time limit for reviewing S-1s.
In early June, Bloomberg stock analyst Eric Balchunas allowed spot Ethereum ETFs to launch on July 2. Reuters gave a similar forecast: according to the agency, approval of the products by the Commission was expected on July 4.
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