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SEC Called for Revisions on Ethereum Spot ETFs and Delays Their LaunchThe SEC has delayed the launch of Ethereum Spot ETFs, asking issuers to resubmit revised S-1 forms by July 8.
The US Securities and Exchange Commission (SEC) has requested revisions to the S-1 forms for the long-awaited Ethereum spot exchange-traded funds (ETFs). This decision has caused a delay in the launch, which was scheduled for July 2.
Potential Ethereum spot ETF issuers need to address the SEC's comments and resubmit forms by July 8. This process indicates that at least one more round of filings is required before ETFs can begin trading.
According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the SEC has taken extra time to return the S-1 forms, delaying the release until mid-July or later.