SEC delays launch of US spot Ethereum ETFs until end of July

The launch of US-based spot Ether exchange-traded funds (ETFs), originally expected on July 2, has been postponed by the US Securities and Exchange Commission (SEC).

According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the SEC needs more time to process the S-1 forms of potential spot Ether ETF issuers, pushing the launch to mid-July or later.

SEC comments delay process

The SEC has commented on the S-1 forms and requested refiling by July 8. According to Balchunas, this new timeline means the launch of the spot Ethereum ETFs could be delayed until mid- to late July.

The changes required by the SEC are again only minor tweaks, but a holiday week in between means it will still take several weeks longer before the ETFs can be launched.

While the exact timeline remains uncertain, the SEC has indicated that a potential launch could occur this summer.

Trade €10,000 for free and get €10 bonus

Want to enter the crypto world and perhaps buy Ethereum or another crypto? Then seize your chance now with this exclusive offer! Thanks to a special deal between Newsbit and Bitvavo, one of the most accessible and user-friendly crypto exchanges in Europe, our readers get an exclusive offer.

Create an account at Bitvavo using the button below and receive a welcome gift of 10 euros completely free. And that’s not all – you also pay no trading fees on your first 10,000 euros in transactions. Sign up now!