Ethereum

2024

<p>The post <a href="https://coinpedia.org/news/sec-issues-comments-on-s-1-forms-for-ethereum-etfs-response-deadline-this-friday/" rel="noopener noreferrer nofollow">SEC Issues Comments on S-1 Forms for Ethereum ETFs – Response Deadline This Friday</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The U.S. Securities and Exchange Commission (SEC) has issued comments to issuers of spot Ethereum ETFs regarding their S-1 forms. These comments are crucial for the progress of these ETFs, which aim to offer investors exposure to Ethereum through a regulated product.&nbsp;</p>
<p>With a tight deadline for responses set for this Friday, the pressure is on for issuers to address the SEC’s comments soon.</p>
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   <p lang="en" dir="ltr">JUST IN: US SEC ISSUES COMMENTS TO SPOT ETHEREUM ETF ISSUERS ON S-1 FORMS; DEADLINE FOR RESPONSE IS THIS FRIDAY</p>— BSCN Headlines (@BSCNheadlines) <a href="https://twitter.com/BSCNheadlines/status/1803313733445493065?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 19, 2024</a>
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<h2 class="wp-block-heading" id="h-sec-comments-to-eth-etf-issuers-nbsp">SEC Comments To ETH ETF Issuers&nbsp;</h2>
<p>In recent years, there has been growing interest in spot Ethereum ETFs, which would allow investors to gain exposure to Ethereum without having to directly purchase and store the cryptocurrency.&nbsp;</p>
<p>While all <a href="https://coinpedia.org/news/big-win-for-ethereum-as-the-sec-approved-spot-ethereum-etfs/" rel="noopener noreferrer nofollow">eight issuers had their 19b-4</a> forms approved on May 24, the S-1 forms must get approved by the SEC before trading can begin. These forms contain detailed information about the ETF, including its investment strategy, risks, and management.&nbsp;</p>
<p>The SEC’s comments typically address any concerns or questions they have about the information provided, and issuers must respond with clarifications or additional details.</p>
<h2 class="wp-block-heading" id="h-response-deadline">Response Deadline</h2>
<p>The SEC has set a Friday deadline for issuers to respond to their comments. This deadline is significant as it shows the SEC’s commitment to moving the review process forward. Issuers who do not respond on time may face delays in getting their ETFs approved, potentially affecting their launch plans.</p>
<h2 class="wp-block-heading" id="h-sec-final-approval-by-july-2">SEC Final Approval By July 2</h2>
<p>Earlier on Bloomberg Senior ETF Analyst Eric <a href="https://coinpedia.org/news/spot-ethereum-etf-trading-set-to-begin-on-july-2-says-bloomberg-analyst/" rel="noopener noreferrer nofollow">Balchunas revealed</a> that the SEC issued relatively light comments on the S-1 filings and requested responses by Friday. This suggests there is a strong chance that the SEC could approve these ETFs in the following week, somewhere around July 2.&nbsp;</p>
<p>The SEC <a href="https://coinpedia.org/news/ethereum-etfs-face-major-delays-secs-gensler-reveals-crucial-details/" rel="noopener noreferrer nofollow">hasn’t clarified</a> when the S-1 forms will be approved beyond saying sometime this summer. SEC Chair Gary Gensler mentioned that the timing would largely depend on how quickly issuers respond to the agency’s feedback.</p>
<p>While the impact of the Ethereum ETFs is uncertain, some analysts predict they may capture up to 20% of the flows that Bitcoin ETFs have seen.</p>

SEC Issues Comments on S-1 Forms for Ethereum ETFs – Response Deadline This Friday

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