#ETHEREUM #Etf #ETHETFS #bullish #News $ETH 💯🆕️🧐👍🚀🚀 ETF ETHEREUM ✅️When in Italy will it be late evening of Friday June 21st, we should see the long-awaited updates for Ethereum ETFs in the USA. This is a purely procedural issue, but still necessary to see the launch of these products on the stock exchange.

According to the most convincing rumors that have been circulating for some time among the journalists closest to Washington and New York, SEC has given today as the deadline for sending updates from all managers, updates which will have to include small changes, as well as requested precisely by the agency that governs the US markets, i.e. SEC. Yes, it should be the last step, subject to last minute changes. SEC would have imposed, according to the most credible of the rumors that have been circulating among the most knowledgeable journalists for some time now, the updating of the S-1 forms of the ETFs on Ethereum.

Updates which - like that of Bitwise which arrived earlier than the others - are in reality merely procedural, smoothing out some corners regarding the risk profile, always in accordance with the SEC's wishes.

This is a normal procedure, due, and without which it will not be possible to get these products listed on the stock exchange. These are the last adjustments before the SEC's approval arrives, which is expected before July 2, 2024, although it will not be confirmed until the official publication of the approval.

Updates will have to arrive from practically all managers except Bitwise, and unless there are sensational upheavals, there should be a simultaneous OK for everyone and therefore also the arrival on the stock exchange for trading on the same day.

Why two separate approvals?

Because the SEC moved rather slowly for these products and first approved the 19b-4 forms, they however continue to discuss with the managers of the other form, the S-1, after the first was approved.

A very different procedure from that of the approval of Bitcoin ETFs, but which in any case is not that strange.

There is very little left until the arrival of products that will have enormous relevance for Ethereum as an investment asset in the medium and long term. And while we wait for updates, Bitwise has also released the second commercial for Ethereum, which will be on TV across the United States.

Yes, the world of Ethereum has changed – and these small bureaucratic steps will be the last before we enter a new era.$ETH

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