🚀DeFi enthusiasts, buckle up! The launch of spot Ether ETFs in the US, initially set for early July, is experiencing some turbulence. The SEC, in true bureaucratic fashion, has extended the review period for S-1 forms, pushing the launch to mid-July or later.📅

😅Despite the delay, the SEC has hinted at a possible summer launch. The process involves two steps: approval of 19b-4 forms (done for eight ETF bidders) and now the review of S-1 forms. Unlike the 19b-4 filings, the S-1 forms do not have a fixed deadline, subjecting issuers to the SEC’s whims.📝

🎉Major issuers like BlackRock, Fidelity, and others have been allowed to participate following a rule change. But hold your horses, actual listings on stock exchanges might not occur until September.📈

So, what's your take on this? Are you ready for the Ether ETF ride or do you think it's just another regulatory rollercoaster? Let's chat in the comments! #DeFi #Web3 #CryptoNews