Ethereum
Ethereum ETF US launch date reiterated as July 2 by Bloomberg ETF analyst
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The initial trading date for Ethereum spot exchange-traded funds (ETFs) in the United States is still July 2, according to Bloomberg ETF analyst Eric Balchunas. In an article
“Then the ball is in the SEC’s court to notify issuers of any final changes and effectiveness (i.e. final approval),” the analyst added. On June 14, he predicted the launch date for the first time, because reported by Crypto Briefing.
On May 23, the U.S. Securities and Exchange Commission (SEC) approved ETF filings for eight Ethereum ETF issuers, including BlackRock, Fidelity, VanEck and others. However, only Forms 19b-4 were approved, which constitutes authorization for the creation of the exchange-traded product.
Notably, Form S-1, which is an initial registration required by the SEC before a security can be traded on an exchange, has yet to be approved. The first amended S-1 form arrived minutes after Balchunas’ message, with Fidelity presentation of the document with adjustments ordered by the SEC.
Asset managers don’t include their ETF fees on S-1 forms, and the Bloomberg analyst estimated they might wait for BlackRock to disclose “to see what they need in orbit” .
Additionally, James Seyffart, ETF analyst at Balchunas, also expects all remaining S-1 forms are waiting to be amended for filing today.
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