Ethereum ETF Applicants File Updated S-1 Documents with SEC

Multiple points Ethereum ETF applicants filed updated S-1 documents with the SEC on Friday for approval of their ETF products. As a final step before launch, the SEC required issuers to file new ones to expedite the review process for ETF products.

Black rock; Shades of grey ; VanEck, among others, submitted his S-1s today. The SEC must now review the forms and notify issuers of any final changes to be made before final approval. These forms are necessary to publicly propose new titles. This process may take longer for the SEC to process each depositor, especially if the regulator remains dissatisfied with Ethereum ETFs. However, the prediction of a July 2 launch still seems possible.

For context, Ethereum-based exchange-traded funds (ETFs) are a type of investment fund that holds Ethereum like stocks, commodities, or cryptocurrencies. ETFs trade on exchanges similar to stocks. The first round of Spot Ethereum ETF approvals took place in late May 2024.

Spotting Ethereum ETFs Coming in July?

Source: Altcoin Buzz

Ethereum Price Prediction: Can ETH Reach $4,000 After SEC Decision?

Throughout this year, ETFs have dominated the digital asset sector. Historic industry approval came in January, with the launch of Spot Bitcoin ETFs. The impact was almost immediate, as BTC would reach an all-time high just three months after its debut. The launch of Ethereum ETFs is expected to do the same for Ether upon launch. As of press time, Ethereum is up 50% year to date. Despite a bearish last month, July and August will be interesting in dictating the future of the asset’s price.

The hype around Ethereum ETFs is even spreading to Europe. UK-based multinational bank Standard Chartered is officially launching a Spot Bitcoin and Ethereum trading desk. Bloomberg Reports that the bank’s $820 billion STAN will be used to directly buy and sell BTC and ETH

Source