Ethereum ETF launch delayed again 🤡

The SEC has once again delayed the start of trading for the Ethereum ETF. When will the ETH index fund start trading?

Many investors expect the Ethereum ETF to start trading tomorrow, July 2. The SEC has once again delayed the ETF approval process.

Eric Balchunas, Bloomberg ETF expert, wrote. In the X post ""It sounds like this. It's as if the SEC took extra time, and this week, I will interact with people (even if it's just slightly changed).

Previously recently potential Ethereum ETF issuers submitted revised S1 applications. The SEC approved eight Ethereum index funds' 19b-4 applications in May, why the first major hurdle was taken away

Now, the agency has issued an opinion on the S1 form and asked for a resubmission by July 8. La ut Balchunas expects the launch of the Ethereum spot ETF to be delayed until the second half of July.

A few days ago, Bitwise CIO Matt Hugen predicted that the Ethereum ETF would see a net inflow of $15 billion in the first 18 months.

Unlike 19b-4 filings, Form S1s are not subject to specific deadlines. Potential issuers are therefore dependent on the SEC’s review and approval timeline.

Nevertheless, Ethereum fans can still remain optimistic: even SEC Chairman Gary Gensler confirmed recently that the approval process for an Ethereum ETF is well underway.

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