The SEC and issuers of Ethereum spot ETFs have begun Form S-1 negotiations. FOX Business crypto journalist Eleanor Terrett reports:
“Information has been received that discussions have begun between SECG staff and issuers regarding the S-1, and based on the results of these discussions, it was concluded that more work needs to be done in this direction.”
The fact that after filing amendments to Form 19b-4, work has already begun on amendments to Form S-1 is a good sign. Without all Form S-1 issues resolved, the instrument will not be able to enter the market. Let's remember what#Coindeskwrote today:
“... While Forms 19b-4 could be approved as early as this Thursday (when VanEck and Cboe's first filing deadline expires), spot Ether ETFs cannot go live until the SEC also approves Forms S-1. filed by the issuers themselves. There appears to be less movement on this front than with 19b-4 filings. However, some filers have already begun to revise their Form S-1s.”
The process is clearly accelerating. Nobody expects applications for spot Ethereum ETFs to be rejected; the only question is when approval will come.
