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Indeed, according to sources representing cryptocurrency, the US Securities and Exchange Commission (SEC) is now in interactions with those who are interested in filing registration statements for S-1s on Ethereum ETFs. One issuer head said the agency seems a bit overwhelmed by the rapid changes in tone at the top, and these are critical conversations in the early going.
“After all the procedural requirements, the SEC has already processed together the 19b-4 forms of the Bitcoin ETFs and is now facing a critical decision deadline for the 19b-4 form of the VanEck Ethereum ETF. The VanEck Ethereum ETF today is pegged to receive its pivotal decision, and with that, optimism is high among market watchers including Bloomberg.
However, despite the possible approvals closer at hand, the effectiveness of the S-1 forms needed for the actual start of ETF trading could still be delayed. More amendments and re-filing are expected, so the public Athena could possibly wait in a few years more before Ethereum can be welcomed to standard trading platforms.
