The Block Crypto News15 minutes ago

Published on July 11, 2024 14:26 GMT+00:00edited on July 11, 2024 14:31 GMT+00:00

Prospective Ethereum ETF issuers are eagerly waiting on the U.S. Securities and Exchange Commission to provide updates on the pending launches after handing in their latest S-1 forms on July 8.

"The next step would be to hear from the SEC on what's next. Do they want final drafts? by when?" said a source at one issuer. They noted that what they hear from the agency next will be highly informative.

After their 19b-4 forms were approved in May, issuers have been engaged in a back-and-forth with the SEC over the second part of the two-step process: the S-1 forms. Unlike the first forms, the S-1s don't have a deadline to go effective, but they are still required before the ETFs can go live. There have been multiple rounds of the SEC providing comments for the issuers to revise their forms, …