ETH spot ETF: how much longer?
The approval of the new ones Ethereum spot ETF it no longer appears to be in question. If anything, in the crypto community we are trying to understand what the timing for the start of negotiations.
The matter is not very simple, but we know that the game is mainly played on two fronts. First the SEC must approve the forms 19b-4 presented by the issuers with the respective requested amendments, to be integrated into the registration statements S-1. And only then can ETFs be launched.
At the center of the discussions on the changes, the stakingwith Fidelity which was the first to eliminate any reference to the product by presenting the final version of the S-1 form. Much more movement, however, is recorded for 19b-4, with all interested managers immediately responding to the SEC’s requests (given the deadlines imposed at this time).
Talks with the SEC
Several analysts, in an attempt to predict the development of the practice, refer to the dynamics of approval of BTC spot ETFsand because of this it is thought applications for ETH spot ETFs could be approved all at once.
However, if the changes to Forms 19b-4 are also all approved, for negotiations to begin we will have to wait yet the entry into force of the S-1 forms. The first step could already take place in these hours, according to Eric Balchunas by Bloomberg, late in the afternoon.
“I don’t know how fast this ‘fast track’ will be,” the analyst said. “But either way it will be a crazy few days (or weeks).”
According to internal sources reported by The Block, discussions with issuers on S-1 filings are as soon as you startand although we may still have to wait, the path now seems clear.
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