The Block Crypto News19 minutes ago

Published on June 18, 2024 21:36 GMT+00:00edited on June 18, 2024 21:44 GMT+00:00

Prospective spot Ethereum ETF issuers received comments from the SEC last week regarding their S-1 forms with a deadline of this Friday to get them turned around, according to two sources.

While the issuers saw their 19b-4 forms approved in May, they still need the S-1 forms to become effective before trading can begin — a process with no strict deadline. These forms are currently being reworked and sent back to the SEC for further comments before being reworked again until they’re ready.

A source at one issuer said the latest round of comments were “reasonable” and that they’re looking forward to approval soon. A source at another issuer described the comments as “light.”

“I suspect you'll see people file pretty quickly this week and then we'll see how many more turns of the wheel are …