News - Trading start Ethereum ETF delayed again

By Mike Hesp

Trading start Ethereum ETF delayed again

The SEC is taking its time and again delaying the trading launch of Ethereum ETFs. When the ETH index funds can finally start.

Many investors had already expected the Ethereum ETFs, to launch tomorrow, July 2. That is unlikely to happen, as the U.S. Securities and Exchange Commission (SEC) has again delayed the approval process for the ETFs due to new comments.

Bloomberg ETF expert Eric Balchunas writes in a X message: "It sounds like the SEC took extra time to respond to people this week (even though there were again only minor changes)."

Recently, the potential Ethereum ETF issuers revised S1 applications filed. The SEC approved eight 19b-4 applications for Ether index funds in May, marking the first major hurdle had been taken.

Now the regulator has commented on the S1 forms and asked for resubmissions by July 8. According to Balchunas, this could push the start of Ethereum spot ETFs to the second half of July.

Several days ago predicted Bitwise-CIO Matt Hougan that Ethereum ETFs could expect net inflows of $15 billion as early as the first 18 months.

Unlike 19b-4 filings, S1 forms are not tied to a specific deadline. Therefore, potential issuers depend on the SEC's timetable for review and approval.

Still, Ether fans may remain optimistic: even SEC chief Gary Gensler confirmed recently that the approval process for Ethereum ETFs is progressing without a hitch.

Download the Anycoin App

Finally, a crypto app for everyone!

Check it out