Ether spot ETF responses will be delivered to SEC this week: “We are now awaiting approval”

It seems that Ether spot ETFs have now reached the final turning point. Companies must submit their final responses to requests from the SEC by the close of business Friday. Sources, on the other hand, state that the SEC's requests regarding the files are "reasonable and light" and that they expect approval in a short time.

While ETF analysts expect Ether spot ETFs to be opened for trading as of the beginning of July, the US media continues to make news confirming this situation. Speaking to The Block, an executive of one of the ETF issuer companies stated that they had to respond to the requests submitted by the SEC last week regarding the S-1 filings by the close of day this Friday.

“We are now waiting for approval”

As it is known, the SEC approved the documents, also known as the 19b-4 file, in May. However, in order for ETFs to be opened for transactions, S-1 documents must also be approved and there is no clear date for this. Speaking to The Block, an executive of one of the ETF issuer companies stated that the SEC's demands were not challenging, but mild and reasonable:

“The final demands and comments were not compelling. It was reasonable and acceptable. “We are expecting approval in a short time.”

The second source mentioned in the news said, “There will be quick returns to the SEC this week. "In the end, we will see how quickly the process will continue or not," he said.

Eric Balchunas, a Bloomberg ETF analyst, stated that he expects ETFs to be accepted as of July 2, but also stated that this may be delayed slightly earlier or later.

ETF issuers submitted their first updates to their S-1 filings in the week ending May 31.

Experts state that they expect interest in Ether spot ETFs to be 1/5th of Bitcoin funds, and that they think that the absence of "staking" activity here will reduce the interest.

-Hakan Ateşler