News
The launch of Ethereum ETFs has been postponed again
9.46am ▪ 3 minute read ▪ by Luc Jose A.
Originally scheduled for early July, the launch of Ethereum ETFs has just been delayed by the SEC, plunging cryptocurrency investors into palpable uncertainty. This unexpected decision, bolstered by additional filings for S-1 filings, highlights the ongoing regulatory challenges facing digital asset adoption.
SEC’s New Decision on Ethereum ETFs
The U.S. Securities and Exchange Commission (SEC) has decided to postpone the long-awaited launch of Ethereum ETFs, initially scheduled for early July. This decision follows additional comments issued by the US Financial Regulator on S-1 forms submitted by potential issuers of these ETFs. Issuers now have until July 8 to resubmit revised forms, potentially postponing the launch of Ethereum ETFs to mid-July or later.
This delay is part of a two-stage process for the approval of Ethereum ETFs. The first step, which involves approval of the Form 19b-4, was completed in May. However, S-1 forms, which represent the second step, have no fixed deadline, leaving issuers dependent on the SEC’s timeline for their review and approval.
Market reactions
While some cryptocurrency industry players remain optimistic about a quick approval following the revised S-1 forms, others fear that the delay means deeper regulatory challenges. Analysts estimate that final approval could come within two to three weeks of the filing of the revised forms, but the exact date remains uncertain. Crypto investors, who had initially expected approval in early July, must now reevaluate their short-term strategies.
Furthermore, the implications of this delay go beyond just the launch of ETFs. This is indeed a critical test for the entire cryptocurrency sector. Once approved, Ethereum ETFs could not only gain institutional recognition but also transform the cryptocurrency investment landscape, offering new opportunities for investors and investors. consolidate Ethereum’s position in the global financial market.
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Luc Jose A.
Graduated in Science Po Tolosa and holder of a blockchain certification consultant issued by Alyra, I returned to participate in Cointribune in 2019. Capturing the potential of blockchain to transform numerous sectors of the economy, I have made a commitment to raise awareness and inform the great public about this constantly evolving ecosystem. My goal is to allow anyone to better understand blockchain and learn about the opportunities it offers. I strive every day to provide an objective analysis of current events, to decipher market trends, to convey the latest technological innovations and to put into perspective the economic and social efforts of this revolution in brands.
DISCLAIMER
The views, thoughts and opinions expressed in this article are solely those of the author and should not be relied upon as investment advice. Do your research before making any investment decisions.