Ethereum ETF Launch Delayed as SEC Requests Revisions by July 8

Jul 3, 2024, 12:06 PM

The approval and launch of Ethereum (ETH) Exchange-Traded Funds (ETFs) have been delayed. The U.S. Securities and Exchange Commission (SEC) has returned the S-1 forms to prospective Ethereum ETF issuers with minor comments, requesting revisions to be submitted by July 8. This means that at least one more round of submissions will be required before the ETFs can start trading. Bloomberg's ETF analysts predict that the Ethereum ETFs could potentially list later next week or during the week of July 15. The delay pushes the potential launch of the ETFs to mid-to-late July.