The US Securities and Exchange Commission (SEC) is requiring asset managers to submit the final version of the registration statement for Ethereum spot ETFs by Wednesday, with an expected product launch date. expected July 23, two sources familiar with the SEC process confirmed.
Spot Ethereum ETF approvals have been slow since regulators suddenly approved form 19b-4 for these funds in May, allowing investors to access Ethereum through brokerage accounts tradition, expectations have increased steadily since then.
The SECâs recent communications with asset managers were first reported by Bloomberg ETF analyst Eric Balchunas on Monday, who wrote on X that the completed registration statements will also include each fundâs respective management fees.
âThe SEC finally reached out to issuers today, asking them to refile the final version of their S-1s by Wednesday (fees included) and then have the S-1s approved on Monday after the close, with a formal launch on Tuesday, July 23. Of course, this is guaranteed barring any last-minute complications.â
While the SEC approved key filings for a spot Ethereum ETF in May, the regulator has yet to greenlight individual S-1 filings from eight asset managers, including BlackRock, Fidelity, and Grayscale. SEC Chairman Gary Gensler previously said the approval process depends on the ETFs hoping to provide investors with full disclosures â but that the process is âgoing smoothly.â
After the approval of a Bitcoin ETF in January, which has seen some $15.8 billion in inflows so far this year, the launch of Ethereum ETFs could be a big moment for the second-largest coin by market capitalization. According to K33 Research, Ethereum ETFs could attract as much as $4 billion in inflows in the first five months.
At the time of writing, ETH is up 6% following the positive developments in the Ethereum ETF approval process, trading at $3,468, bringing the total gains over the past seven days to 14.6%.
Source: TradingView
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