PANews reported on July 16 that according to Decrypt, two sources familiar with the U.S. Securities and Exchange Commission (SEC) process confirmed that the U.S. SEC requires asset management companies to submit the final version of the registration statement for the spot Ethereum ETF by Wednesday, and the product is scheduled to be launched on July 23.

Bloomberg ETF analyst Eric Balchunas, who first reported on the SEC’s recent communications with asset managers on Monday, wrote on X that the finalized registration statements should also include each fund’s respective management fees. “The hearing ended today with a response to the issuer requiring them to file to be effective after the close of trading on Monday in order to launch the product on Tuesday, July 23,” he wrote, adding that the timeline could change due to “unforeseen last-minute issues.” Two independent sources confirmed these details to Decrypt, with one confirming receipt of similar communications from the agency.