Ethereum ETF Launch Next Month Becomes ‘Certainly Possible’ with S-1 Submissions.
Excitement builds in the crypto space as the newly approved spot Ether (ETH) exchange-traded funds (ETFs) are possibly launching as early as mid-June. However, this development is still dependent on the promptness with which the approved clients amend their S-1 registration statements and the following feedback rounds they’ll receive from the Securities and Exchange Commission (SEC).
Bloomberg ETF analyst James Seyffart suggests that the approvals of S-1 might be seen within a few weeks, but he also acknowledges that the process is supposed to take up to months. However, fellow analyst Eric Bachunas continues to be optimistic, expecting a mid-June launch. He states that the SEC’s feedback process required around two weeks to spot Bitcoin ETFs.