Status

James

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-approves-eth-etf-but-launch-date-remains-uncertain/" data-wpel-link="internal">SEC Approves ETH ETF but Launch Date Remains Uncertain</a><br></p>
<p style="text-align: justify">Competition in the <a href="https://en.coin-turk.com/litecoin-on-the-move-as-block-reward-halving-looms/" data-wpel-link="internal">cryptocurrency</a> ETF sector is extremely strong, and we saw this on the road to the January 10 launch process. Recently, the SEC also relented on the ETH ETF and gave approvals. However, the process is not yet complete. Investors need these ETFs to be listed on stock exchanges to access them.</p> 
<h2 style="text-align: justify" id="current-status-of-ethereum-etf">Current Status of Ethereum ETF</h2> 
<p style="text-align: justify">Just recently, 21Shares and Bitwise made file updates. The removal of Ark Invest’s name from the Ark&amp;21Shares ETF was a notable detail. Additionally, there is no detail regarding transaction fees in the 21Shares filing. Although Bloomberg’s James shared this as “no fee,” he expanded his statement a few seconds later, saying “fees have not yet been processed into the files.”</p> 
<p style="text-align: justify">In January, competition for fees intensified during the BTC ETF launch, and there were campaigns announcing that no management fees would be charged up to a certain volume. We can probably see similar things here. On the other hand, the lack of fee details also gives us an idea about the ETH ETF launch date. The SEC had requested the final files to be uploaded to the system by Friday.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-358313 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/21shares-S-1-Form.png" alt="" width="658" height="502"></p> 
<p style="text-align: justify">These files will be reviewed, and S-1 Form approvals will be given. However, if there are no fee details, we see that ETH ETF issuers have not yet moved from basic regulations to details. This suggests that the SEC is unlikely to give S-1 Form approval next week, and may provide final feedback for regulations and request the final files by next Friday. This indicates that the launch date will be June 10 at the earliest. Indeed, this aligns with experts’ estimates of a 2-3 week file approval and update process.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/sec-approves-eth-etf-but-launch-date-remains-uncertain/" data-wpel-link="internal">SEC Approves ETH ETF but Launch Date Remains Uncertain</a></h5>

SEC Approves ETH ETF but Launch Date Remains Uncertain

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