SEC Delays Ethereum ETF Launch to August or September
The Securities and Exchange Commission (SEC) has pushed back the launch of Ethereum ETFs until August or September. The delay comes after the SEC returned a form with requested changes, pausing the approval process for these crypto investment vehicles.
In May, the SEC completed the approval of 19b-4 forms for Ethereum ETFs, indicating a market readiness for such products. However, the approval process for these funds is not yet final. Financial institutions, including BlackRock, Fidelity, 21Shares, Grayscale, iShares, and VanEck, have filed S-1 forms for Ethereum ETFs. These filings were returned by the SEC with requested changes, requiring the applicants to resubmit their forms by July 8.
Following the approval of Ethereum ETFs, financial institutions plan to introduce further crypto ETFs for other large coins such as Solana, BNB, and XRP. The delay in Ethereum ETF approval has shifted the expected launch date from July to August or September.
The SEC's delay in approving Spot Ethereum ETFs has pushed back the launch of these investment products. While the approval process continues, financial institutions are preparing for the introduction of additional crypto ETFs for other large coins. The market eagerly awaits the final approval of Ethereum ETFs, expected in August or September.
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