BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

When Will Ethereum ETF Trading Start? Bloomberg Analyst Gives Date! Here are the Details

Prospective issuers of spot Ethereum exchange-traded funds (ETFs) are working to address the U.S. Securities and Exchange Commission's (SEC) comments on their S-1 forms, with the deadline set for this Friday.
Ethereum ETF Issuers Aim to Address SEC Comments by Friday
These issuers received feedback from the SEC last week and are now re-filing their forms to meet regulatory requirements, according to two sources.
Although the SEC approved 19b-4 forms for these ETFs in May, S-1 forms still need to be finalized before trading can begin.
This process, which has no strict deadline, involves multiple rounds of revisions based on SEC feedback. Sources say the latest comments from the SEC are seen as “reasonable” and “mild.”
“I suspect people will be filing fairly quickly this week and then we'll see how many more turns the wheel needs to turn,” an issuer source said.
Related News: 3.25 Trillion Dollar Company Nvidia Has a New Cryptocurrency Development
Reporting similar updates on social media, Bloomberg Senior ETF Analyst Eric Balchunas set the estimated launch date for these products at July 2, but noted that this was a best guess.
Issuers had initially submitted master drafts of their S-1 forms on May 31 and expected feedback the following week.
But the comments came after a two-week delay. The SEC did not give a specific timeline for approval of S-1 forms, only stating that it would occur sometime this summer.
SEC Chairman Gary Gensler noted that timing depends largely on how quickly issuers respond to the agency's feedback.
While the impact of Ethereum ETFs remains unclear, some analysts estimate they could capture up to 20% of the flows seen by Bitcoin ETFs.
*This is not investment advice.
Continue Reading: When Will Ethereum ETF Trading Start? Bloomberg Analyst Gives Date! Here are the Details

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News