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The planned launch of an Ethereum ETF in July has been abruptly halted by the US Securities and Exchange Commission (SEC), disappointing investors and causing a delay. Market analysts had been confident about a July debut, with some even suggesting a celebratory trade on Independence Day, making the SEC's decision a surprise. Bloomberg ETFs analysts James Seyffart and Eric Balchunas, who predicted a July 2nd launch, were among those caught off guard by the SEC's unexpected move. The SEC's review process, initiated by the S-1 Form, which is crucial for public offerings, now faces uncertainty. The SEC's ability to extend evaluation timelines without constraints adds complexity, with hopes for approval possibly extending beyond July 8th. This uncertainty is unsettling for both ETF issuers and investors. While SEC Chairman Gary Gensler has hinted at approvals "sometime this summer," the market remains anxious amid the current regulatory challenges surrounding the S-1 form.#US_Inflation_Easing_Alert #MiCA #IntroToCopytrading
