Analysts and several keen market observers are optimistic that spot Ethereum ETF will go live in about two weeks.
Mid-July for Spot Ethereum ETF Launch
The United States Securities and Exchange Commission (SEC) received S-1 registrations from all of the potential Ethereum ETF issuers a few weeks ago. After scrutinizing and reviewing, the filings were returned to their filers last week with a few light comments.
Additionally, the spot Ethereum ETF filers were given until July 8 to submit their amendments, as listed in the S-1 feedback.
Thereafter, another final round of filings may be requested by the SEC before the proposed rule change goes public. Nate Geraci, co-founder of ETF Institute opined that issuers would need to file fresh amendments based on the feedback received. On this premise, he envisions that the final approval for the proposed rule change to commence trading should come by July 12.
This “Would theoretically mean launch week of July 15th,” Geraci wrote on X.
Should these dates not fall through, the spot Ethereum ETF trading approval may eventually not come until summer as Gary Gensler stated initially.
ETH ETF Filers Submit Form 8-A
In preparation for the spot Ethereum ETFs, VanEck has filed a Form 8-A with the US SEC. Similarly, 21Shares submitted Form 8-A for its proposed rule change on June 27, solidifying its position among other spot Ethereum ETF applicants. The Form 8-A is crucial if an issuer wants to trade its ETF on an exchange.
It is one of the primary forms companies use to register securities for listing or quoting on an exchange under the Securities Exchange Act 1934 for offering to the public.
When there were speculations that the trading approval for Ethereum ETFs would come on or before July 2, senior Bloomberg ETF analyst Eric Balchunas noted that the filing of this Form is a good sign for that timeline. With the approval expected by mid-July, more potential issuers are likely to submit their Form 8-A before then.
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