Spot Ethereum ETF issuers still waiting on SEC for first round of S-1 comments: Sources | Headlines | News | CoinMarketCap
06/11/2024 06:30
Prospective spot Ethereum ETF issuers are still waiting on the SEC to provide comments on their S-1 filings after they submitted first drafts on May …
The Block Crypto News14 minutes ago
Published on June 10, 2024 23:15 GMT+00:00edited on June 10, 2024 23:19 GMT+00:00
Prospective spot Ethereum ETF issuers are still waiting on the SEC to provide comments on their S-1 filings after they submitted first drafts on May 31, according to two sources.
The issuers had been anticipating the SEC would provide comments on these drafts on June 7, according to one source based on conversations with the agency. Yet, at least two issuers have not received anything yet. One source said they now anticipate comments to come back this week.
This comes after SEC Chair Gary Gensler said on CNBC that the approvals of the S-1 forms would “take some time.”
It’s unclear exactly how long the process will take. One source previously told The Block that they expect the S-1 forms to go through at least two more rounds of draft filings before they are ready.