Bloomberg: Ethereum spot ETF listing time extended to after July 8! SEC requires issuers to change S-1 filings

This site (120btc.coM): Recent market news points to the fact that the approval progress of Ethereum Spot ETFhas entered the final stage. Bloomberg ETF analyst Eric Balchunas, who previously accurately predicted the issuance time of the Bitcoin futures/spot ETF, today (29th) postponed his estimated listing date from the original July 2 to after July 8.

This morning, Balchunas posted on the X platform stating: Unfortunately, we have to postpone the launch until after the holidays. I heard the SEC took extra time this week to get back to the issuer (again with a very slight adjustment). As far as I know, next week is no longer possible because of the Fourth of July holiday, the SEC staff will resume approvals on July 8th, and they will approve the listing shortly after.

SEC requires issuers to submit updated S-1 documents before 7/8

And The Block also quoted people familiar with the matter today as saying that the SEC has returned Form S-1 to potential Ethereum spot ETF issuers , along with a handful of comments asking them to address the issues and resubmit documents, issuers have been asked to respond to those comments and submit updated documents by July 8.

Sources said that these documents will need to go through at least one more round of review before they can be approved and effective, and then the Ethereum spot ETF can start trading.

Ethereum falls below $3,400

Regarding the approval progress of the Ethereum Spot ETF, SEC Chairman Gary Gensler only revealed this month that "it is going well" and he expects the SEC will approve it "sometime this summer" Final S-1 filing.

In terms of currency price, ETH once stood at US$3,487 yesterday, but fell again yesterday evening, falling to a low of US$3,365 early this morning. At the time of writing, it was quoted at US$3,391, down 1.3% in the past 24 hours.

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