Ether ETF Countdown: SEC Delays Spark Debate, But Launch Still Imminent

• Crypto expert Nate Geraci predicts a spot Ether ETF could launch in the next two weeks.
• The SEC has requested changes to issuers’ S-1 filings, delaying approval.
• Ether’s price has dropped 20% since the initial ETF approval announcement.

Hopes for a spot Ether ETF remain high as Nate Geraci, President of ETFStore, reiterated his optimism about an imminent launch, even as issuers filed amended S-1 forms with the SEC on Monday.

Spot eth ETF S-1 amendments supposedly due tomorrow…

How quickly will SEC turn these around?

Again, main item I’m watching for is fees (which won’t be required w/ these amendments).

Otherwise, assume issuers gearing up for launch in next week or two.

— Nate Geraci (@NateGeraci) July 7, 2024

In late June, the Securities and Exchange Commission returned the S-1 forms to issuers, requesting changes. While issuers were asked to resubmit by July 8, there are suggestions that there might be at least one more round of filings.

Notably, the S-1 forms represent the next step toward final approval of the spot Ether ETF, following the 19b-4 forms, which the SEC approved in May 2024. As the S-1 forms do not have a deadline, issuers are eage…

The post Ether ETF Countdown: SEC Delays Spark Debate, But Launch Still Imminent appeared first on Coin Edition.