SEC Nears Final Decision on VanEck and 21Shares Ethereum ETF Filings

Most importantly, in their July 8 filings, VanEck amended its Form S-1 registration statement to advance its bid for SEC approval of its Ethereum ETF.

CoinChapter – YEREVAN – VanEck and 21Shares are advancing their plans to list and trade shares of a spot Ether (ETH) exchange-traded fund (ETF).

On July 8, both companies submitted amended S-1 registration statements to the U.S. Securities and Exchange Commission (SEC). This marks a key step towards approval.

Specifically, VanEck amended its Form S-1 registration statement to advance its bid for SEC approval of its Ethereum ETF. Similarly, 21Shares submitted an amended form for its Core Ethereum ETF.

The amended filings are part of the final stage of the SEC’s approval process. These documents state that the ETFs will be launched “as soon as practicable after the effective date” of the registration. Notably, no specific launch date is mentioned, but the firms are prepared to move quickly once approved.

Earlier, on May 23, the SEC approved spot Ether ETF 19b-4 filings from eight asset managers, including VanEck, 21Shares, and Bitwise. Moreover, during a June Senate Banking Committee hearing, SEC Chair Gary Gensler noted that the commission might approve the S-1 filings “sometime over the course of this summer,” without providing an exact timeline.

VanEck initially filed for a spot Ether ETF in January, following the SEC’s approval of spot Bitcoin ETF shares. However, the process faced delays due to an investigation into whether ETH should be classified as a security.

In June, Consensys’ legal team reported that the SEC had dropped the investigation, clearing a significant hurdle.

Bitwise also filed a similar amended registration on July 3. More companies are expected to follow in the coming week.

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