The U.S. Securities and Exchange Commission has returned the S-1 form to the potential issuer of Ethereum ETF after review.
According to sources, the forms were sent back with some minor comments, and the issuer must make revisions and resubmit by August 8th.
This indicates that at least one more round of filing is required before the ETF can begin trading.
The S-1 form represents the second stage of the ETF approval process, following the issuer’s Form 19b-4 being formally accepted earlier this month.
Unlike the 19b-4 form, the submission of S-1 does not have a specific deadline, so the timetable depends on the SEC’s processing speed.
The initial expectation for the ETF to launch in the market on April XNUMXth fell through, and the issuer is waiting for further guidance from the SEC on when to submit the final documents.
Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), has suggested that approval may be obtained in the summer, but the specifics are still unclear.