SEC Engages with Ethereum ETF Issuers on Forms S-1

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Fox Business reporter Eleanor Terrett said Thursday that the U.S. Securities and Exchange Commission (SEC) has begun negotiations with Ethereum exchange-traded fund (ETF) issuers regarding their S-1 registration forms . She cited sources as saying there was still “work to be done” on these forms.

This could be seen as a positive development, but it suggests that there may have been a delay in communication previously.

In a separate article, Terrett indicated that the SEC could approve 19b-4 filings today, followed by working with issuers on Forms S-1 in the coming weeks or months.

Commenting on Terrett’s post, Bloomberg ETF analyst James Seyffart said that with significant effort, the S-1 filings for Ethereum spot ETFs could be resolved within a few weeks. However, he noted that the SEC may need more time to complete the S-1 review process.

“I think if they work extremely hard it can be done in a matter of weeks, but there are many examples of processes that historically take longer than three months,” Seyffart suggested.

Most ETF issuers, including major players like Fidelity, Bitwise, Grayscale, VanEck, Ark 21Shares, Franklin Templeton and Invesco, have submitted their amended 19b-4 filings earlier this week. Nasdaq too refiled the Ethereum ETF offered by BlackRock yesterday.

Time is running out as the market prepares for the SEC verdict on Ethereum spot funds.

Bloomberg analyst Eric Balchunas suggests a time frame of around 4:00 p.m. ET for the SEC’s announcement on the fate of these ETFs. The decision on spot Bitcoin ETFs had previously arrived a little earlier on the stated date.

Meanwhile, Ethereum’s price has surged 25% over the past seven days, trading near $3,800 at press time, according to CoinGecko data.

Experts expect that a possible one-time approval of the Ethereum ETF could trigger a sharp rise in prices. However, it remains uncertain whether Ethereum can replicate Bitcoin’s price action after the spot fund’s approval.

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