Ethereum

when

BlackRock

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Ethereum ETF issuers are reportedly waiting for the SEC’s comments on their S-1 applications.</li>
 <li>Sources claim they still haven’t received feedback.</li>
</ul>
According to the latest reports, Ethereum ETF issuers are still waiting for the SEC’s comments regarding their S-1 applications that have already been <a href="https://crypto.ro/en/news/ethereum-etf-issuers-amended-s-1-forms-deadline-is-today/" rel="noopener noreferrer nofollow">submitted</a> on May 31.
Sources familiar with the situation noted that feedback from the US regulator is yet to come. The issuers have been anticipating the SEC would offer comments on these drafts on June 7, a source said based on conversations with the agency.
It has been reported that at least two issuers have not yet received feedback yet. The sources mentioned above believe that the comments are set to come during this week.
The reports come after the SEC’s Fary Gensler said on <a href="https://www.cnbc.com/video/2024/06/05/sec-chair-gary-gensler-on-new-t-1-settlement-cycle-market-manipulation-and-crypto-regulation.html" rel="noopener noreferrer nofollow" target="_blank">CNBC</a> that the approval of the S-1 forms would take time.
It’s still not clear how long it will take until the US regulator eventually offers feedback to ETH ETF issuers about their submitted S-1 forms.
<h2 id="ethereum-etfs-launch-is-expected-this-month">Ethereum ETFs’ launch is expected this month</h2>
The S-1 forms are the second step in the process towards making ETH ETFs go live for trading. The first step was the approval of the 19b-4 forms which had already happened on May 23.
On the day that<a href="https://crypto.ro/en/news/ethereum-etfs-could-grab-20-of-bitcoin-etfs-in-flows-volume/" rel="noopener noreferrer nofollow">&nbsp;Ethereum ETFs</a>&nbsp;were approved, VanEck handed in an amended version of the S-1 form, and on May 30, BlackRock did the same, saying that its ETF would be seeded with $10 million.
Ethereum ETFs are expected to go live this month, based on previous predictions that have been <a href="https://crypto.ro/en/news/ethereum-etf-june-launch-prediction-gains-momentum-as-blackrock-updates-s-1-form/" rel="noopener noreferrer nofollow">gaining momentum</a>.
Last month, Bloomberg’s Eric Blachunas suggested that we might see the crypto products going live in the US sometime in June.
Balchunas also said&nbsp;that ETH ETFs could<a href="https://crypto.ro/en/news/ethereum-etfs-could-grab-20-of-bitcoin-etfs-in-flows-volume/" rel="noopener noreferrer nofollow">&nbsp;divide the success</a>&nbsp;of Bitcoin ETFs by 5 (when he previously said 10 instead of 5) when it comes to expectations regarding flows, volume, media, and everything else related to the products.
He expects <a href="https://crypto.ro/en/news/ethereum-etfs-could-attract-up-to-4-8b-inflows-in-5-months-post-launch/" rel="noopener noreferrer nofollow">ETH ETFs</a> to grab 20% of what Bitcoin ETFs managed to accomplish.

Ethereum ETF Issuers Are Reportedly Still Waiting For SEC’s Comments On S-1 Forms

Table of Contents

crypto.ro global

Other articles published on Jun 11, 2024

Fantom (FTM), Fetch.ai (FET), Optimism (OP) All Drop Over 10% But Rollblock (RBLK) Holding Strong...

Optimism (OP) Price Support and Resistance: Key Levels in Focus

Ava Protocol Secures $10M Seed Funding to Boost Autonomous Transactions

Pepe Price Prediction: PEPE Price Hints A 20% Plunge This Month?

Three Key Reasons Why Bitcoin (BTC) Is Below $70,000

📣NEOPIN CEO Ethan Kim's interview with Investing.com is now live! 🎙️

Join our free newsletter for daily crypto updates!