The initial date for spot Ethereum exchange-traded funds (ETF) trading in the US is still July 2nd, according to Bloomberg ETF analyst Eric Balchunas. In an X post, Balchunas doubled down on this date, highlighting that “a bunch of amended S-1 Forms” for those ETFs might be filed today.
“Then ball’s in SEC’s court to let issuers know about any final changes and effectiveness (aka final approval),” added the analyst. On June 14th, he predicted the launch date for the first time, as reported by Crypto Briefing.
On May 23rd, the US Securities and Exchange Commission (SEC) approved the ETF filings for eight Ethereum ETF issuers, including BlackRock, Fidelity, VanEck, and others. However, only the 19b-4 forms were approved, which acts as permission for the exchange-traded product to be created.
Notably, the S-1 form, which is an initial registration required by the SEC before a security can be publicly traded, still needs approval. The first amended S-1 form came a few minutes after Balchunas’ post, with Fidelity presenting the document with the adjustments ordered by the SEC. The asset managers are not including their ETF fees on the S-1 forms, and the Bloomberg analyst assessed that they might be waiting for BlackRock to disclose “to see what they need to orbit around.”Moreover, Balchunas’ fellow ETF analyst James Seyffart also expects all the remaining S-1 forms waiting to be amended to be filled today.
