The highly anticipated Ethereum spot ETF listing may face a delay until mid-July 2024 due to the U.S. Securities and Exchange Commission's (SEC) extended response time.
Initially expected around July 2, the launch might now occur after July 8, with the SEC set to resume procedures post-holidays.
Despite the delay, SEC Chairman Gary Gensler indicates a smooth approval process, with trading expected to start this summer.
Stay updated on the latest developments in Ethereum and other cryptocurrency ETFs.
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Potential Resumption of Procedures After July 8, 2024
The listing of the highly anticipated Ethereum spot ETF may be delayed until mid-July 2024. Initially, the ETF was expected to be listed around July 2, 2024, but Bloomberg ETF analyst Eric Balchunas mentioned in his June 29 post on X that the listing might be postponed to after July 8.
The U.S. Securities and Exchange Commission (SEC) has reportedly taken additional time to respond to the S-1 documents submitted by the Ethereum spot ETF issuers.
Due to the holidays this week, there has been little progress, and procedures are expected to resume on July 8, with the launch following soon after.
Expected Trading Start in Summer 2024
Regarding the approval timing of the Ethereum spot ETF, SEC Chairman Gary Gensler has stated that it is likely to be approved during this summer. Consequently, trading is expected to commence within the next few weeks to months.
Although there are reports that the process may be delayed by over a week due to the holidays, Chairman Gensler has also revealed that the approval process for the Ethereum spot ETF is progressing smoothly. Therefore, a significant delay in approval is not anticipated.
Recently, the S-1 documents for the first U.S. Solana spot ETF, "VanEck Solana Trust," were also submitted, drawing attention to the developments of other cryptocurrency ETFs.
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Ethereum Spot ETFs: All S-1 Amendments Submitted, Awaiting SEC Decision
Eight companies have submitted all required S-1 amendments for Ethereum spot ETFs, with approval anticipated from the SEC around July 2024. Experts are closely watching for updates.
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