Ethereum

<ul><li>The Securities and Exchange Commission delays the spot Ethereum ETF launch, pushing the timeline to mid-July or later.</li><li>The SEC requests that S-1 forms be resubmitted by July 8, further extending the launch timeline for spot Ethereum ETFs.</li><li>Despite minor S-1 revisions, SEC approval remains ambiguous, with a potential summer launch for spot Ethereum ETFs.</li></ul>The United States Securities and Exchange Commission (SEC) has delayed the launch of spot Ethereum ETFs, initially anticipated by market experts to occur next week. This unexpected delay has pushed the timeline to mid-July or later, leaving investors and Ethereum holders in a state of uncertainty.Bloomberg ETF analyst Eric Balchunas <a href="https://x.com/EricBalchunas/status/1806810886109331520" rel="noopener noreferrer nofollow">disclosed</a> that the SEC needed additional time to review and return the S-1 forms submitted by prospective Ethereum ETF issuers. These forms are crucial for the approval process, and their delayed return has shifted the expected launch window. The SEC has requested resubmissions of these forms by July 8, further extending the timeline.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcmdt2ytZabGtpHw3MLILb7oGKtRhYlN_emuLgxpFqE00YV_v7cYLNL0GMSlNGuiYmrZuBBpjlEU-3goH0dSwK0Ccxv4d-IQEs_2o-8rf06B281LD6LDmq2OAWab10K1irwvxc0tP5ZGSbO7dDfx_Iq00c?key&#61;rCsAaP6LAplZNQIRAX1WiA" />Nate Geraci, President of ETFstore, noted that the last round of S-1 revisions was relatively minor. He had anticipated that the SEC would clear issuers for trading within 14 to 21 days. Despite this expectation, the precise timeline remains ambiguous, although the SEC has suggested a potential launch this summer.<a href="https://cryptotale.org/sec-delays-spot-ethereum-etf-launch-to-mid-july-extending-approval-process/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

SEC Delays Spot Ethereum ETF Launch to Mid-July, Extending Approval Process

CryptoTale

Alte articole publicate pe 1 iul. 2024

Top Crypto Presales for Potential 50x Returns in 2024

MoonBag Thumps Bonk and Floki Inu as The Best Crypto Presale in 2024

Wanchain Launches New Convert n’ Burn System

This Solana Meme Coin Continues to Outperform dogwifhat (WIF) and BONK

Philippines Adopts Tether’s USDT for Social Security Payments

US Marshals partner with Coinbase to manage large cap crypto assets

Join our free newsletter for daily crypto updates!