Ethereum
Ethereum ETF launch delayed again
9:46 ▪ 3 min read ▪ by Luc Jose A.
Initially expected at the beginning of July, the launch of Ethereum ETFs has just been postponed by the SEC, plunging crypto investors into palpable uncertainty. This unexpected move, supported by additional requests for review of Form S-1s, highlights the ongoing regulatory challenges facing the adoption of digital assets.
SEC’s New Decision on Ethereum ETFs
The United States Securities and Exchange Commission (SEC) has decided to delay the long-awaited launch Ethereum ETFs, originally scheduled for early July. The move follows additional comments from the U.S. financial regulator on the S-1 forms submitted by potential issuers of these ETFs. Issuers now have until July 8 to resubmit their revised forms, which could push the launch of Ethereum ETFs to mid-July or later.
This delay is part of a two-step process for approval of Ethereum ETFs. The first step, involving approval of Form 19b-4, was completed in May. However, Forms S-1, which represent the second step, have no fixed deadline, leaving issuers dependent on the SEC’s timetable for their review and approval.
Market reactions
While some in the crypto industry remain optimistic of rapid approval following the S-1 revisions, others fear the delay could lead to deeper regulatory challenges. Analysts estimate that final approval could come within two to three weeks of submitting the revised forms, but the exact date remains unclear. Crypto investors, who had initially anticipated approval in early July, must now reassess their short-term strategies.
Moreover, the implications of this delay go beyond the ETF launch. This is indeed a critical test for the entire crypto sector. Once approved, Ethereum ETFs could not only gain institutional recognition but also transform the crypto investment landscape, providing new opportunities for investors and consolidate Ethereum’s position in the global financial market.
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Luc José A.
A graduate of Sciences Po Toulouse and holder of a blockchain consultant certification issued by Alyra, I joined the Cointribune adventure in 2019. Convinced of the potential of blockchain to transform many sectors of the economy, I made a commitment to raise awareness and inform the general public about this constantly evolving ecosystem. My goal is to enable everyone to better understand blockchain and seize the opportunities it offers. I strive every day to provide an objective analysis of current events, decipher market trends, relay the latest technological innovations and put into perspective the economic and societal challenges of this ongoing revolution.
DISCLAIMER
The views, thoughts and opinions expressed in this article belong solely to the author and should not be considered investment advice. Do your own research before making any investment decisions.