Expectations for the start of Ethereum ETF spot trading are becoming increasingly positive, with experts believing that final approval is only a matter of time.
Bitwise, one of the potential issuers of Ethereum ETF, has made corrections to its S-1 filing and submitted it to the U.S. Securities and Exchange Commission (SEC) according to Bloomberg analyst Eric Balchunas.
These corrections were submitted earlier than expected as it was supposed to happen by July 8. Balchunas, like many others, wonders why the SEC is delaying the approval of the S-1 filing, especially considering the minimal corrections requested by the agency.
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It is possible that some of the issuers are delaying the process or ultimately it is an issue in the administration of the American regulator – however, all indications point to approval later this month.
At the time of writing, Ethereum is trading at $3,725 following a 4.26% correction in the last 24 hours and a trading volume of $14.6 billion.
