SEC Deadline: Ethereum ETF Issuers Must Submit Draft S-1 Forms Today

According to sources familiar with the matter, the SEC has instructed prospective issuers to submit amended S-1 forms by Friday, May 31st.of the 19b-4 forms marked a significant milestone, achieved through a last-minute change in direction from the SEC. Consequently, issuers had not prepared their S-1 forms in advance. Despite this, progress is being made, with the SEC now actively engaging with issuers to finalize these forms.

Despite potential delays, JPMorgan analysts maintain optimism, anticipating the spot Ether ETF trading will commence well before November. They perceive the ETF approval and broader crypto landscape as increasingly political leading up to the 2024 U.S. presidential election. We note Galaxy analysts anticipate that S-1s will be finalized and trading may start in July or August 2024. We note this…Split Capital co-founder Zaheer Ebtikar noted that the unexpected approval caught many off guard, and an immediate launch would have caused more volatile price action. He noted that the delay allows traders to anticipate and prepare for potential inflows.

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