😱 SEC Doesn't Allow Launch Ethereum ETF July 4th
The SEC returned Forms S-1 to potential issuers of Ethereum-based ETFs with minor comments, asking them to correct the problems and resubmit applications.
🗣 The forms were returned with little comment, the source said . Issuers were asked to respond to the comments and resubmit them by July 8.
🏠 While there have been reports that ETFs could launch as early as July 4, that has now been ruled out. We don't yet know when the ETFs will launch and will only get a clearer picture once the SEC sets a deadline for final filings. However, the chances of launching in July still remain.
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