Key facts:
-
The SEC has returned S-1 forms to companies applying to launch Ethereum ETFs.
-
The dialogue between the SEC and the companies would resume in the week of July 8, according to Balchunas.
Everything seemed set for ether (ETH) ETFs, the cryptocurrency of the Ethereum network, to be launched next week.
According to leading experts on the subject, including Bloomberg analyst Eric Balchunas, July 2 would be the launch date for these financial instruments.
But, according to this same investment fund specialist, Something unexpected has happened that could delay the arrival of spot ether ETFs on US stock markets.
«Unfortunately, I think we are going to have to postpone our estimated date bet [para el lanzamiento de los ETF de ether] until after the holidays. It seems like the SEC took more time to respond to people this week (albeit again with very slight adjustments).”
Eric Balchunas, investment fund specialist.
According to statements to the press from a source belonging to one of the companies issuing Ethereum ETFsthe SEC returned their S-1 forms with some minor comments. Now, these companies must make the corresponding corrections and resubmit those forms.
As CriptoNoticias has explained, S-1 forms are used to record the initial offering of securitiesThese forms specifically detail the fund structure, underlying assets, investment strategy, risks and other essential information for investors and regulators.
Anyway, the wait wouldn’t be too long. According to Balchunas, In the week of July 8 (that is, in 2 weeks) the dialogue process between the SEC and the companies requesting authorization for Ethereum ETFs would be resumed.
Let us also remember that the president of the SEC, Gary Gensler, had said that these ETFs would be authorized for launch before the end of the summer, that is, before September 2024.
