Ethereum spot ETF could be launched as early as June? SEC requires S-1 filings by Friday

After the U.S. Securities and Exchange Commission (SEC) approved the 19b-4 documents (changes in exchange rules) submitted by eight Ethereum spot ETF issuers on the 24th, the issuers still need to wait for the SEC Approval of its S-1 document (registration statement) can officially begin trading, which analysts say may take weeks to months.

SEC requires S-1 documents to be submitted by Friday

However, according to the latest report from The Block, two sources revealed that the SEC has required issuers of Ethereum spot ETFs to submit their S-1 documents by Friday. Submit the revised S-1 document before, after which the SEC will provide the first round of comments, and then both parties will make further modifications to the S-1 document.

One source said: The details of the seed funding are fairly simple for the issuer, while other aspects of the document may take longer to resolve. The source expects that the S-1 document will at least have to go through It takes two rounds of draft revisions to be submitted before it's ready.

After the 19b-4 document was approved, VanEck immediately submitted a revised S-1 document, and BlackRock also followed up on the 29th, stating that it planned to inject $10 million in seed capital and seek to put its Ethereum trust into If ETHE is converted into Grayscale Ethereum spot ETF, the revised S-3 registration statement document will be submitted on the 30th.

Ethereum spot ETF will be launched in June at the earliest?

Just this week, Bloomberg ETF analyst Eric Balchunas estimated that the Ethereum spot ETF will be launched on July 4, but an official launch at the end of June is also very likely.

Discus Fish, founder of digital asset custody solution provider Cobo, also predicted on the 24th that the S-1 document for the Ethereum spot ETF may be passed in mid-June:

• Early June: The S1 file may be passed. Refer to the BTCETF time, it will take at least two weeks, but the normal pace may take 3 months

• Mid-June: After S1 is passed, trading may begin immediately, or within a few days

Some institutions believe that the listing time will be later, Galaxy Digital predicts it will be in July or August, and JP Morgan predicts it will be in November In March, however, Zaheer Ebtikar, co-founder of the cryptocurrency hedge fund Split Capital, believes that if the SEC delays the listing of the Ethereum spot ETF, it will be beneficial to the rise of ETH, because it will give market participants time to get ahead of the potential inflow of funds into the ETF. Get ETH.

But no matter what, after taking into account the opinions of all parties, it should be an established fact that the Ethereum spot ETF will be launched in the second half of the year.

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