Media: spot Ethereum-ETF issuers have until May 31 to submit corrected filings

-- Media reports that the SEC has reached out to issuers of spot Ethereum-ETFs.

-- The SRegulator has asked those counterparties whose Form 19b-4 filings were previously approved to file amended S-1s.

-- SRegulators have until May 31 inclusive to do so.

The US Securities and Exchange Commission (SEC) has asked issuers of spot Ethereum-ETFs to file amended S-1 filings up to and including May 31, 2024. This was reported by The Block, citing its sources.

After that, as one of the publication's interlocutors noted, it is likely that the Commission will check the papers and leave new comments. At this stage, issuers are required to make minimal edits, The Block emphasized.

Moreover, two companies have already filed new Form S-1 filings. They are VanEck and BlackRock.

The publication's interlocutors noted that several rounds of such edits will be required before final approval of the products. This could take several weeks to months.

In a comment regarding the corrected S-1 application from BlackRock, Bloomberg Intelligence expert Eric Balchunas noted that trading on spot Ethereum-ETFs may start in early July 2024.

Recall, the issuers of these exchange-traded funds received partial approval from the Commission on May 23, 2024. The regulator approved the Form 19b-4 (rule change) filings of eight counterparties.

Ethereum (ETH) has not reacted to this news in any way. All this week, from May 27 to May 31, 2024, the asset trades with a slight minus, which can be explained by the previous jump on the background of the SEC's decision#ETHETFsApproved #ETH🔥🔥🔥🔥 $ETH