The issuer of the Ethereum ETF in stock is responding to comments from the US SEC, and expects to submit a response this week
Potential issuers of spot Ethereum ETFs are responding to comments on the S-1 form received from the U.S. Securities and Exchange Commission (SEC) last week, planning to submit responses before this Friday. Sources described these comments as "minor" and "reasonable," expecting approval soon. In May, after their 19b-4 form was approved, they submitted a preliminary draft of the S-1 form, but it took the SEC two weeks to provide feedback. Bloomberg senior ETF analyst Eric Balchunas expects the product could launch in early July. SEC Chairman Gary Gensler said that approval timing depends on how quickly issuers respond to feedback. Analysts predict that Ethereum ETF's flow could reach 20% of Bitcoin ETF's.
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