When exactly will the Ethereum ETFs launch?

The launch of yesterday’s approved Ethereum ETFs largely depends on the speed at which S-1 registrations are approved and how many rounds of feedback applicants will receive from the US Securities and Exchange Commission (SEC).

Orange light for the Ethereum ETFs

In principle, the 19b-4 documents received approval from the SEC yesterday. This allows applicants to list the funds on stock exchanges.

However, before trading can begin, they must also receive approval for their S-1 registrations.

Bloomberg ETF specialist James Seyffart says S-1 approvals could come “within a few weeks” but could also take longer. Normally this process takes five months.

His fellow expert at Bloomberg, Eric Balchunas, expects that sometime in mid-June could be possible.

Balchunas thinks there will only be one round of comments on the S-1 amendments. Similar to how applicants for the Spot Bitcoin ETFs received comments.

Wait two weeks?

For the Bitcoin ETFs, the process took about two weeks. That is why Balchunas takes that two-week gamble.

“It remains just a guess. We will see,” said Balchunas.

The imp part is over. Now just logistics. My guess is there’s only one round of comments on the S-1s. And during btc one round took two weeks ish. So I this mid June is certainly poss. Just a guess tho. We will see.

— Eric Balchunas (@EricBalchunas) May 23, 2024

The downside of the Ethereum ETFs right now is that they don’t pay staking profits. Other Ethereum token holders can earn that, which means that investors in the ETFs actually immediately lose money.

In that respect, there is a chance that the Ethereum ETFs will become a failure. After all, who would buy an investment if you are sure that you cannot fully utilize it.

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