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.
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Source: https://newsbit.nl/sec-stelt-lancering-van-amerikaanse-spot-ethereum-etfs-uit-tot-eind-juli/
