According to Bloomberg ETF analyst Eric Balchunas, the U.S. Securities Commission (SEC) has finally responded to issuers, requiring them to submit the final version of their S-1 form on Wednesday, and then the Ethereum spot ETF can be officially listed on Tuesday, July 23.

Update: Nate's instincts were right, hearing SEC finally gotten back to issuers today, asking them to return FINAL S-1s on Wed (incl fees) and then request effectiveness on Monday after close for a TUESDAY 7/23 LAUNCH. This is provided no unforeseeable last min issues of course! https://t.co/D21FD9Qf94

— Eric Balchunas (@EricBalchunas) July 15, 2024

The Ethereum spot ETF will be officially launched on 7/23!

The SEC officially approved Form 19b-4 for eight Ethereum spot ETFs as early as May 23. However, in order for these products to start trading, the S-1 registration statement submitted by the issuer needs to be effective. Now there is finally good news. According to a tweet from Bloomberg ETF analyst Eric Balchunas, the SEC finally responded to the issuer, requiring them to submit the final version of Form S-1 (including fees) on Wednesday, which will then take effect after the market closes next Monday and will be official the next day (7/23). Listed, Balchunas believes there will be no unforeseen last-minute issues!

The following table shows the information of each issuer compiled by Lianxin News. Except for ProShares, which submitted Form 19b-4 in June, the other eight are already on the verge of being officially listed. They only need to update the details such as expense ratios to have the opportunity to be officially listed next week.

ETH rises nearly 7%

Spurred by this news, Ethereum surged to a two-week high, reaching $3,461 at the time of writing, a 24-hour increase of nearly 7%. But it's still 13% away from May's high of 3,977.

This article Bloomberg news: Ethereum spot ETF will be officially launched on 7/23! First appeared in Chain News ABMedia.