Ethereum ETFs face unforeseen delay
Many expected the launch of Ethereum ETFs for next week, but this will not be the case.
According to press statements from a source belonging to one of the Ethereum ETF issuing companies, the SEC returned the S-1 forms with some minor comments. Now, these companies must make the corresponding corrections and resubmit these forms.
However, the wait will not be too long. According to Balchunas, in the week of July 8 (that is, in two weeks) the dialogue process between the SEC and the companies requesting authorization for Ethereum ETFs will resume.
Let us also remember that the president of the SEC, Gary Gensler, had stated that these ETFs would be authorized for launch before the end of the summer, that is, before September 2024.
Greetings from your friend FFR.
Credits: Criptonoticias
