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Bitcoin next stop $80k soon
#BitcoinIsForEveryone #BTC #ETH✅

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Prospective issuers of spot Ethereum exchange-traded funds (ETFs) are working to address the U.S. Securities and Exchange Commission's (SEC) comments on their S-1 forms, with the deadline set for this Friday. Ethereum ETF Issuers Aim to Address SEC Comments by Friday These issuers received feedback from the SEC last week and are now re-filing their forms to meet regulatory requirements, according to two sources. Although the SEC approved 19b-4 forms for these ETFs in May, S-1 forms still need to be finalized before trading can begin. This process, which has no strict deadline, involves multiple rounds of revisions based on SEC feedback. Sources say the latest comments from the SEC are seen as “reasonable” and “mild.” “I suspect people will be filing fairly quickly this week and then we'll see how many more turns the wheel needs to turn,” an issuer source said. Reporting similar updates on social media, Bloomberg Senior ETF Analyst Eric Balchunas set the estimated launch date for these products at July 2, but noted that this was a best guess. Issuers had initially submitted master drafts of their S-1 forms on May 31 and expected feedback the following week. But the comments came after a two-week delay. The SEC did not give a specific timeline for approval of S-1 forms, only stating that it would occur sometime this summer. SEC Chairman Gary Gensler noted that timing depends largely on how quickly issuers respond to the agency's feedback. While the impact of Ethereum ETFs remains unclear, some analysts estimate they could capture up to 20% of the flows seen by Bitcoin ETFs. *This is not investment advice. #TradeNTell #Write2Earn $ETH

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